Martin Marietta Materials, Inc. (NYSE:MLM) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,123 shares of the construction company’s stock after buying an additional 800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Martin Marietta Materials were worth $6,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in MLM. Whipplewood Advisors LLC purchased a new stake in Martin Marietta Materials during the fourth quarter worth approximately $32,000. Kestra Investment Management LLC purchased a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $35,000. Hopwood Financial Services Inc. acquired a new position in shares of Martin Marietta Materials in the 4th quarter valued at $36,000. EverSource Wealth Advisors LLC grew its position in shares of Martin Marietta Materials by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock valued at $37,000 after buying an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in Martin Marietta Materials during the 4th quarter worth $41,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Martin Marietta Materials

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the sale, the executive vice president now directly owns 3,523 shares in the company, valued at $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael J. Petro acquired 550 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $454.37 per share, with a total value of $249,903.50. Following the completion of the transaction, the senior vice president now directly owns 8,985 shares in the company, valued at approximately $4,082,514.45. The trade was a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MLM has been the topic of several research reports. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Barclays dropped their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Citigroup decreased their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a report on Monday, January 6th. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus assumed coverage on shares of Martin Marietta Materials in a research note on Tuesday, March 4th. They set a “buy” rating and a $559.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $634.36.

Martin Marietta Materials Trading Up 2.8 %

NYSE:MLM opened at $478.12 on Friday. Martin Marietta Materials, Inc. has a 1 year low of $448.50 and a 1 year high of $633.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The stock has a fifty day moving average price of $514.06 and a two-hundred day moving average price of $540.70. The stock has a market capitalization of $29.15 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. As a group, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

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.