DekaBank Deutsche Girozentrale Acquires 22,816 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

DekaBank Deutsche Girozentrale grew its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 12.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,340 shares of the construction company's stock after purchasing an additional 22,816 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.33% of Martin Marietta Materials worth $95,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of Martin Marietta Materials by 64.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company's stock worth $1,047,000 after acquiring an additional 796 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Martin Marietta Materials by 5.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,778 shares of the construction company's stock valued at $918,000 after acquiring an additional 89 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Martin Marietta Materials by 13.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,102 shares of the construction company's stock worth $6,767,000 after buying an additional 1,555 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Martin Marietta Materials by 18.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 19,227 shares of the construction company's stock worth $9,931,000 after buying an additional 3,063 shares during the period. Finally, Independent Advisor Alliance purchased a new stake in Martin Marietta Materials in the 4th quarter worth approximately $394,000. Institutional investors and hedge funds own 95.04% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MLM. Royal Bank Of Canada began coverage on shares of Martin Marietta Materials in a research report on Monday, June 16th. They set a "sector perform" rating and a $515.00 price objective on the stock. Raymond James Financial reduced their target price on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Loop Capital reduced their target price on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Wall Street Zen lowered shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Finally, JPMorgan Chase & Co. lowered shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $640.00 to $560.00 in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $603.86.

Martin Marietta Materials Stock Performance

NYSE MLM traded down $3.01 during trading hours on Friday, hitting $561.37. 269,548 shares of the company's stock traded hands, compared to its average volume of 476,934. The business's fifty day moving average price is $551.11 and its two-hundred day moving average price is $521.00. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $33.84 billion, a P/E ratio of 32.34, a P/E/G ratio of 5.10 and a beta of 0.87. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.88 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a net margin of 16.07% and a return on equity of 12.01%. The company's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 earnings per share. Equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 2nd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, June 2nd. Martin Marietta Materials's payout ratio is 18.20%.

Martin Marietta Materials Profile

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.