DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $2.58 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 64.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,991 shares of the construction company's stock after selling 8,996 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Martin Marietta Materials were worth $2,578,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Checchi Capital Advisers LLC increased its stake in Martin Marietta Materials by 1.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock worth $690,000 after purchasing an additional 19 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Martin Marietta Materials by 1.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $527,000 after acquiring an additional 19 shares in the last quarter. Brooklyn Investment Group grew its stake in Martin Marietta Materials by 4.7% during the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock valued at $231,000 after acquiring an additional 20 shares in the last quarter. OLD National Bancorp IN grew its stake in Martin Marietta Materials by 4.5% during the 4th quarter. OLD National Bancorp IN now owns 483 shares of the construction company's stock valued at $249,000 after acquiring an additional 21 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Martin Marietta Materials by 2.6% during the 4th quarter. Signaturefd LLC now owns 835 shares of the construction company's stock valued at $431,000 after acquiring an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Insider Activity at Martin Marietta Materials

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the sale, the executive vice president now owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael J. Petro purchased 550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the acquisition, the senior vice president now owns 8,985 shares of the company's stock, valued at $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. 0.69% of the stock is currently owned by corporate insiders.

Martin Marietta Materials Stock Performance

MLM traded down $1.59 on Wednesday, hitting $542.30. The company had a trading volume of 419,426 shares, compared to its average volume of 486,496. The company's fifty day moving average price is $494.38 and its 200 day moving average price is $528.96. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $633.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The stock has a market cap of $32.69 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.02. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company earned $1.93 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were paid 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 18.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MLM shares. UBS Group cut Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 target price on the stock. in a research note on Monday, April 7th. Barclays lowered their target price 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. Stifel Nicolaus lifted their target price on Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. StockNews.com raised Martin Marietta Materials from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Loop Capital lowered their price target on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $599.69.

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.