Skandinaviska Enskilda Banken AB publ Purchases 800 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,123 shares of the construction company's stock after purchasing an additional 800 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Martin Marietta Materials were worth $6,827,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Martin Marietta Materials by 76.2% in the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock worth $876,648,000 after buying an additional 704,460 shares in the last quarter. Versor Investments LP bought a new stake in Martin Marietta Materials in the 3rd quarter valued at $269,000. Aptus Capital Advisors LLC increased its holdings in Martin Marietta Materials by 6.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 583 shares of the construction company's stock valued at $314,000 after acquiring an additional 36 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Martin Marietta Materials by 0.7% in the 3rd quarter. Victory Capital Management Inc. now owns 36,031 shares of the construction company's stock worth $19,394,000 after purchasing an additional 246 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of Martin Marietta Materials by 4.2% during the third quarter. Huntington National Bank now owns 5,521 shares of the construction company's stock valued at $2,972,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 95.04% of the company's stock.

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Insiders Place Their Bets

In other Martin Marietta Materials news, SVP Michael J. Petro purchased 550 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $454.37 per share, with a total value of $249,903.50. Following the transaction, the senior vice president now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald A. Mccunniff sold 1,332 shares of Martin Marietta Materials stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the transaction, the executive vice president now directly owns 3,523 shares in the company, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on MLM. Barclays decreased their target price on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Raymond James lowered their target price on 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. 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. Loop Capital lowered their price objective on shares of Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $640.00 to $560.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Martin Marietta Materials has a consensus rating of "Moderate Buy" and an average price target of $628.64.

Martin Marietta Materials Trading Up 0.6 %

Shares of MLM traded up $2.73 during trading hours on Wednesday, reaching $490.92. 528,898 shares of the company traded hands, compared to its average volume of 458,084. The stock's fifty day moving average price is $513.08 and its 200 day moving average price is $540.31. 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 firm has a market cap of $29.93 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 12-month low of $448.50 and a 12-month high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating analysts' consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. Sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.64%. Martin Marietta Materials's payout ratio is currently 9.77%.

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.