Mufg Securities Americas Inc. Makes New $466,000 Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

Mufg Securities Americas Inc. bought a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 902 shares of the construction company’s stock, valued at approximately $466,000.

Other large investors also recently modified their holdings of the company. Checchi Capital Advisers LLC lifted its stake in Martin Marietta Materials by 1.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company’s stock valued at $690,000 after purchasing an additional 19 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Martin Marietta Materials by 1.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company’s stock valued at $527,000 after buying an additional 19 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Martin Marietta Materials by 4.7% during the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company’s stock valued at $231,000 after acquiring an additional 20 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of Martin Marietta Materials by 4.5% during the 4th quarter. OLD National Bancorp IN now owns 483 shares of the construction company’s stock valued at $249,000 after acquiring an additional 21 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Martin Marietta Materials by 2.6% during the 4th quarter. Signaturefd LLC now owns 835 shares of the construction company’s stock worth $431,000 after acquiring an additional 21 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Michael J. Petro purchased 550 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $454.37 per share, with a total value of $249,903.50. Following the completion of the transaction, the senior vice president now directly owns 8,985 shares in the company, valued at $4,082,514.45. This trade represents a 6.52% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the sale, the executive vice president now owns 3,523 shares of the company’s stock, valued at $1,673,425. The trade was a 27.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

Martin Marietta Materials Trading Up 2.2%

NYSE:MLM opened at $552.87 on Friday. The company has a market capitalization of $33.33 billion, a P/E ratio of 17.10, a P/E/G ratio of 4.45 and a beta of 0.89. The stock’s 50 day moving average price is $497.71 and its 200 day moving average price is $528.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.88 by $0.02. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business posted $1.93 EPS. Martin Marietta Materials’s quarterly revenue was up 8.2% on a year-over-year basis. On average, research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.57%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 18.20%.

Wall Street Analysts Forecast Growth

MLM has been the topic of a number of recent analyst reports. Barclays cut their target price on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Loop Capital dropped their target price on shares of Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Truist Financial decreased their price objective on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. UBS Group downgraded shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $491.00 target price on the stock. in a research note on Monday, April 7th. Finally, Stifel Nicolaus raised their target price on Martin Marietta Materials from $559.00 to $609.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $599.69.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.