Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 24.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,110 shares of the construction company's stock after acquiring an additional 42,304 shares during the quarter. Deutsche Bank AG owned about 0.36% of Martin Marietta Materials worth $112,654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Concentric Capital Strategies LP purchased a new stake in Martin Marietta Materials in the 4th quarter worth approximately $3,028,000. Crestline Management LP purchased a new stake in Martin Marietta Materials in the 4th quarter worth approximately $5,527,000. Camrose Capital Investment Partners LLP purchased a new stake in Martin Marietta Materials in the 4th quarter worth approximately $9,990,000. Cetera Investment Advisers increased its holdings in Martin Marietta Materials by 10.0% in the 4th quarter. Cetera Investment Advisers now owns 9,282 shares of the construction company's stock worth $4,794,000 after acquiring an additional 847 shares in the last quarter. Finally, Centiva Capital LP increased its holdings in Martin Marietta Materials by 45.1% in the 4th quarter. Centiva Capital LP now owns 7,837 shares of the construction company's stock worth $4,048,000 after acquiring an additional 2,435 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Price Performance

Shares of MLM stock traded up $9.78 on Friday, reaching $562.64. The company's stock had a trading volume of 189,767 shares, compared to its average volume of 524,823. The company has a market capitalization of $33.92 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The stock's fifty day simple moving average is $497.71 and its 200-day simple moving average is $528.88. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $633.23. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.88 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 earnings per share. Analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.56%. Martin Marietta Materials's dividend payout ratio is currently 18.20%.

Insider Activity

In related news, SVP Michael J. Petro bought 550 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the purchase, the senior vice president now directly owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. This trade represents a 6.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total value of $632,700.00. Following the completion of the transaction, the executive vice president now owns 3,523 shares in the company, valued at $1,673,425. This trade represents a 27.44% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MLM shares. Seaport Res Ptn raised shares of Martin Marietta Materials to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com raised shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $640.00 to $560.00 in a report on Wednesday, March 19th. Loop Capital cut their price objective on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, UBS Group raised shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and increased their price objective for the company from $548.00 to $634.00 in a report on Friday. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $610.69.

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.