MUFG Securities EMEA plc Has $1.54 Million Stock Position in Martin Marietta Materials, Inc. $MLM

MUFG Securities EMEA plc grew its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 114.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,475 shares of the construction company’s stock after purchasing an additional 1,321 shares during the period. MUFG Securities EMEA plc’s holdings in Martin Marietta Materials were worth $1,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MLM. Optima Capital LLC acquired a new stake in shares of Martin Marietta Materials in the 4th quarter valued at $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at $27,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at $32,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth $36,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Martin Marietta Materials during the second quarter worth $37,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Up 1.3%

Shares of Martin Marietta Materials stock opened at $578.65 on Wednesday. The business has a fifty day simple moving average of $591.02 and a 200 day simple moving average of $620.79. The company has a quick ratio of 1.11, a current ratio of 2.28 and a debt-to-equity ratio of 0.47. The stock has a market cap of $34.75 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 2.42 and a beta of 1.10. Martin Marietta Materials, Inc. has a 12 month low of $525.38 and a 12 month high of $710.97.

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

Martin Marietta Materials Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MLM shares. Barclays decreased their price objective on Martin Marietta Materials from $675.00 to $640.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Raymond James Financial set a $690.00 price objective on Martin Marietta Materials in a research note on Monday, April 27th. B. Riley Financial raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective for the company in a research note on Thursday, April 2nd. Stephens decreased their price objective on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Finally, Citigroup decreased their price objective on Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $681.94.

Martin Marietta Materials Profile

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.