Deutsche Bank AG Buys 42,304 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Deutsche Bank AG boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 24.1% in the 4th quarter, according to the company in 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 buying an additional 42,304 shares during the period. Deutsche Bank AG owned 0.36% of Martin Marietta Materials worth $112,654,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in Martin Marietta Materials during the fourth quarter worth $28,000. Whipplewood Advisors LLC purchased a new stake in Martin Marietta Materials during the 4th quarter worth about $32,000. Kestra Investment Management LLC purchased a new stake in Martin Marietta Materials during the 4th quarter worth about $35,000. Hopwood Financial Services Inc. acquired a new position in shares of Martin Marietta Materials during the 4th quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Martin Marietta Materials by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock worth $37,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

NYSE MLM traded down $1.59 on Wednesday, reaching $542.30. 419,426 shares of the stock traded hands, compared to its average volume of 486,496. The firm's fifty day simple moving average is $494.38 and its 200 day simple moving average is $528.96. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The company has a market cap of $32.69 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.02. The firm had revenue of $1.35 billion during 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 firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS. As a group, research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were issued a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.58%. Martin Marietta Materials's payout ratio is currently 18.20%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MLM shares. Raymond James decreased their target price on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. StockNews.com raised Martin Marietta Materials from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Truist Financial decreased their price objective on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus increased their price objective on Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Stephens decreased their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Martin Marietta Materials currently has an average rating of "Moderate Buy" and a consensus target price of $599.69.

Insider Activity

In other news, SVP Michael J. Petro acquired 550 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the acquisition, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Donald A. Mccunniff sold 1,332 shares of the firm's 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 transaction, the executive vice president now owns 3,523 shares in the company, valued at approximately $1,673,425. This trade represents a 27.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company's stock.

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.