E. Ohman J or Asset Management AB Increases Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

E. Ohman J or Asset Management AB boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,750 shares of the construction company’s stock after acquiring an additional 250 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Martin Marietta Materials were worth $1,420,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Asset Dedication LLC boosted its stake in shares of Martin Marietta Materials by 1,300.0% in the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. First Personal Financial Services acquired a new position in Martin Marietta Materials in the 3rd quarter worth $33,000. R Squared Ltd purchased a new position in Martin Marietta Materials in the 4th quarter valued at about $41,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Martin Marietta Materials during the fourth quarter valued at about $41,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Martin Marietta Materials during the third quarter worth about $49,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $537.29 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The firm has a market capitalization of $32.84 billion, a PE ratio of 16.74, a P/E/G ratio of 4.60 and a beta of 0.91. Martin Marietta Materials, Inc. has a 1-year low of $490.05 and a 1-year high of $633.23. The business’s fifty day moving average price is $543.87 and its two-hundred day moving average price is $550.58.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were given a $0.79 dividend. The ex-dividend date was Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 0.59%. Martin Marietta Materials’s dividend payout ratio is presently 9.85%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MLM. UBS Group started coverage on Martin Marietta Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price target for the company. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $515.00 to $640.00 in a research note on Wednesday, November 27th. Finally, Barclays boosted their target price on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus price target of $648.71.

About Martin Marietta Materials

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