Mizuho Securities USA LLC Purchases 1,830 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Mizuho Securities USA LLC lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 46.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,793 shares of the construction company's stock after buying an additional 1,830 shares during the period. Mizuho Securities USA LLC's holdings in Martin Marietta Materials were worth $2,992,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in Martin Marietta Materials by 76.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock worth $876,648,000 after purchasing an additional 704,460 shares in the last quarter. Prospera Financial Services Inc grew its stake in shares of Martin Marietta Materials by 55.1% in the third quarter. Prospera Financial Services Inc now owns 833 shares of the construction company's stock worth $449,000 after purchasing an additional 296 shares during the last quarter. Intech Investment Management LLC increased its holdings in Martin Marietta Materials by 9.6% in the third quarter. Intech Investment Management LLC now owns 4,120 shares of the construction company's stock valued at $2,218,000 after purchasing an additional 361 shares during the period. Banco Santander S.A. acquired a new stake in Martin Marietta Materials in the third quarter valued at $257,000. Finally, Charles Schwab Investment Management Inc. raised its position in Martin Marietta Materials by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 382,919 shares of the construction company's stock worth $206,106,000 after purchasing an additional 2,237 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

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Martin Marietta Materials Stock Down 0.7 %

Shares of MLM traded down $3.37 during trading hours on Tuesday, hitting $487.32. The stock had a trading volume of 173,267 shares, compared to its average volume of 561,293. The firm has a 50 day simple moving average of $510.82 and a 200-day simple moving average of $539.41. Martin Marietta Materials, Inc. has a 1-year low of $448.50 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 firm has a market capitalization of $29.71 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping analysts' consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is 9.77%.

Insider Activity

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 $1,673,425. This trade represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael J. Petro purchased 550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $454.37 per share, with a total value of $249,903.50. Following the acquisition, the senior vice president now directly owns 8,985 shares of the company's stock, valued at $4,082,514.45. This represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on MLM. HSBC upgraded Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price target on the stock in a research report on Wednesday, December 11th. Citigroup reduced their target price on Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Loop Capital lowered their price target on shares of Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Wolfe Research upgraded shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Raymond James decreased their price objective on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $628.64.

Martin Marietta Materials Company 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.