12,647 Shares in Martin Marietta Materials, Inc. $MLM Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in Martin Marietta Materials, Inc. (NYSE:MLMFree Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 12,647 shares of the construction company’s stock, valued at approximately $7,877,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Martin Marietta Materials by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,442,945 shares of the construction company’s stock worth $4,691,139,000 after acquiring an additional 93,595 shares during the period. Bank of America Corp DE grew its position in Martin Marietta Materials by 1.1% in the 3rd quarter. Bank of America Corp DE now owns 2,365,832 shares of the construction company’s stock valued at $1,491,136,000 after buying an additional 25,155 shares in the last quarter. Principal Financial Group Inc. grew its position in Martin Marietta Materials by 9.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,204,425 shares of the construction company’s stock valued at $1,389,428,000 after buying an additional 192,637 shares in the last quarter. Geode Capital Management LLC grew its position in Martin Marietta Materials by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,553,364 shares of the construction company’s stock valued at $963,406,000 after buying an additional 10,743 shares in the last quarter. Finally, King Luther Capital Management Corp grew its position in Martin Marietta Materials by 0.7% in the 4th quarter. King Luther Capital Management Corp now owns 690,128 shares of the construction company’s stock valued at $429,715,000 after buying an additional 5,025 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $582.80 on Monday. Martin Marietta Materials, Inc. has a twelve month low of $525.38 and a twelve month high of $710.97. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $590.95 and a 200-day moving average of $621.14. The firm has a market cap of $35.00 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10.

Martin Marietta Materials (NYSE:MLMGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $1.90 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts forecast that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be given a dividend of $0.83 per share. The ex-dividend date is Monday, June 1st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio (DPR) is 7.91%.

Analyst Ratings Changes

MLM has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $785.00 target price on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Stephens decreased their target price on shares of Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Finally, Wells Fargo & Company increased their target price on shares of Martin Marietta Materials from $608.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $689.81.

Check Out Our Latest Analysis on MLM

Martin Marietta Materials Company Profile

(Free Report)

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.

Further Reading

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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