MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 464,979 shares of the construction company's stock after purchasing an additional 24,637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.76% of Martin Marietta Materials worth $240,163,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In related news, SVP Michael J. Petro acquired 550 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $454.37 per share, for a total transaction 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. This represents a 6.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald A. Mccunniff sold 1,332 shares of the firm's 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 transaction, the executive vice president now owns 3,523 shares of the company's stock, valued at $1,673,425. This represents a 27.44% decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MLM. UBS Group cut Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 price target on the stock. in a report on Monday, April 7th. Seaport Res Ptn upgraded shares of Martin Marietta Materials to a "strong-buy" rating in a report on Friday, March 21st. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $640.00 to $560.00 in a research note on Wednesday, March 19th. Morgan Stanley increased their price objective on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Finally, Barclays decreased their target price on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $599.69.

Martin Marietta Materials Trading Up 2.2%

NYSE MLM traded up $11.85 during trading on Thursday, hitting $552.87. The company had a trading volume of 368,061 shares, compared to its average volume of 486,633. The company's fifty day moving average is $497.71 and its 200-day moving average is $528.88. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one 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. The company has a market cap of $33.33 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

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

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.57%. Martin Marietta Materials's dividend payout ratio (DPR) 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.