MUFG Securities EMEA plc Buys 1,321 Shares of Martin Marietta Materials, Inc. $MLM

MUFG Securities EMEA plc increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 114.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,475 shares of the construction company’s stock after buying an additional 1,321 shares during the quarter. MUFG Securities EMEA plc’s holdings in Martin Marietta Materials were worth $1,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Optima Capital LLC bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $32,000. Union Bancaire Privee UBP SA bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $36,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Martin Marietta Materials during the 2nd quarter worth approximately $37,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

MLM has been the subject of several research analyst reports. Wall Street Zen upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. B. Riley Financial upgraded Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective for the company in a research report on Thursday, April 2nd. Barclays cut their price objective on Martin Marietta Materials from $675.00 to $640.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Stephens cut their price objective on 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, UBS Group set a $739.00 price objective on Martin Marietta Materials in a research report on Sunday, May 10th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $681.94.

Martin Marietta Materials Trading Up 1.3%

Shares of MLM opened at $578.65 on Wednesday. The stock has a fifty day moving average price of $591.02 and a two-hundred day moving average price of $620.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. Martin Marietta Materials, Inc. has a 52-week low of $525.38 and a 52-week high of $710.97. The company has a market cap of $34.75 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 2.42 and a beta of 1.10.

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

Martin Marietta Materials Announces Dividend

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

About Martin Marietta Materials

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.