Martin Marietta Materials, Inc. $MLM Holdings Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,524 shares of the construction company’s stock after buying an additional 5,227 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Martin Marietta Materials were worth $80,272,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MLM. Optima Capital LLC bought a new position in Martin Marietta Materials during the fourth quarter valued at about $25,000. Quent Capital LLC bought a new position in Martin Marietta Materials during the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Martin Marietta Materials in the 3rd quarter valued at $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of Martin Marietta Materials in the 3rd quarter valued at $32,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of Martin Marietta Materials in the 3rd quarter valued at $33,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MLM shares. DA Davidson set a $680.00 price target on Martin Marietta Materials in a research report on Thursday, February 12th. Loop Capital lowered Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price target for the company. in a research report on Wednesday, January 28th. Jefferies Financial Group reiterated a “buy” rating and issued a $785.00 price target on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Royal Bank Of Canada decreased their price target on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, Stephens decreased their price target 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. Ten 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, Martin Marietta Materials presently has an average rating of “Moderate Buy” and a consensus target price of $688.81.

Martin Marietta Materials Stock Down 2.4%

Shares of Martin Marietta Materials stock opened at $600.75 on Friday. The stock has a 50-day moving average price of $610.46 and a 200 day moving average price of $627.35. The company has a market cap of $36.07 billion, a P/E ratio of 14.32, a P/E/G ratio of 2.24 and a beta of 1.13. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. Martin Marietta Materials, Inc. has a 1 year low of $532.80 and a 1 year high of $710.97.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, topping 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. As a group, analysts expect that Martin Marietta Materials, Inc. will post 19.27 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 2nd. Martin Marietta Materials’s dividend payout ratio is currently 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.