Lantz Financial LLC acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,321 shares of the construction company’s stock, valued at approximately $1,272,000.

Several other hedge funds have also modified their holdings of MLM. Bank of New York Mellon Corp grew its position in shares of Martin Marietta Materials by 6.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,068,260 shares of the construction company’s stock valued at $194,369,000 after acquiring an additional 61,606 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Martin Marietta Materials by 0.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 64,148 shares of the construction company’s stock valued at $11,672,000 after acquiring an additional 419 shares during the period. Pacer Advisors Inc. grew its position in shares of Martin Marietta Materials by 14.1% during the 3rd quarter. Pacer Advisors Inc. now owns 3,307 shares of the construction company’s stock valued at $602,000 after acquiring an additional 408 shares during the period. Vident Investment Advisory LLC bought a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at $424,000. Finally, Man Group plc bought a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at $255,000.

In other Martin Marietta Materials news, Director Sue W. Cole sold 1,500 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $195.07, for a total transaction of $292,605.00. Following the completion of the transaction, the director now owns 20,933 shares of the company’s stock, valued at approximately $4,083,400.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donald A. Mccunniff sold 660 shares of the stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $190.90, for a total transaction of $125,994.00. Following the transaction, the senior vice president now directly owns 15,349 shares of the company’s stock, valued at approximately $2,930,124.10. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on MLM. Goldman Sachs Group raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $207.00 to $232.00 in a research report on Thursday, April 11th. JPMorgan Chase & Co. started coverage on shares of Martin Marietta Materials in a report on Thursday, March 21st. They issued an “overweight” rating and a $225.00 target price for the company. Deutsche Bank started coverage on shares of Martin Marietta Materials in a report on Thursday, January 3rd. They issued a “buy” rating and a $198.00 target price for the company. Berenberg Bank started coverage on shares of Martin Marietta Materials in a report on Wednesday, April 3rd. They issued a “hold” rating and a $194.00 target price for the company. Finally, Stephens raised shares of Martin Marietta Materials from an “equal” rating to an “overweight” rating in a report on Friday, February 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $217.36.

Martin Marietta Materials stock traded up $0.58 during mid-day trading on Monday, hitting $212.15. The stock had a trading volume of 279,200 shares, compared to its average volume of 690,000. The company has a market capitalization of $13.09 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.89 and a current ratio of 1.74. Martin Marietta Materials, Inc. has a one year low of $150.75 and a one year high of $232.88.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, February 12th. The construction company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.21). Martin Marietta Materials had a net margin of 11.07% and a return on equity of 10.31%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $1.88 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts forecast that Martin Marietta Materials, Inc. will post 8.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 4th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 23.73%.

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About Martin Marietta Materials

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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.

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

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