Skandinaviska Enskilda Banken AB publ lessened its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 8.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,729 shares of the construction company’s stock after selling 1,237 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Martin Marietta Materials were worth $2,409,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Aristotle Capital Management LLC raised its holdings in Martin Marietta Materials by 8.5% during the first quarter. Aristotle Capital Management LLC now owns 2,940,114 shares of the construction company’s stock worth $556,358,000 after purchasing an additional 230,468 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Martin Marietta Materials by 0.5% in the 1st quarter. Baillie Gifford & Co. now owns 2,739,119 shares of the construction company’s stock valued at $518,324,000 after buying an additional 12,771 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Martin Marietta Materials by 9.5% in the 1st quarter. JPMorgan Chase & Co. now owns 2,299,687 shares of the construction company’s stock valued at $435,170,000 after buying an additional 199,195 shares during the last quarter. William Blair Investment Management LLC raised its stake in Martin Marietta Materials by 9.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,139,759 shares of the construction company’s stock worth $215,677,000 after acquiring an additional 101,312 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Martin Marietta Materials by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 988,363 shares of the construction company’s stock valued at $275,831,000 after acquiring an additional 64,941 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

MLM opened at $206.50 on Tuesday. The firm has a market cap of $12.62 billion, a P/E ratio of 21.81, a PEG ratio of 11.84 and a beta of 0.91. Martin Marietta Materials, Inc. has a 52 week low of $135.08 and a 52 week high of $281.82. The company has a quick ratio of 1.05, a current ratio of 1.70 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $195.30 and its 200 day simple moving average is $223.35.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, May 5th. The construction company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.15). The business had revenue of $958.20 million during the quarter, compared to analyst estimates of $933.11 million. Martin Marietta Materials had a net margin of 12.51% and a return on equity of 11.30%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. As a group, equities analysts expect that Martin Marietta Materials, Inc. will post 8.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, May 29th. Martin Marietta Materials’s dividend payout ratio (DPR) is 22.59%.

In other Martin Marietta Materials news, Director John J. Koraleski bought 1,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $164.08 per share, with a total value of $164,080.00. Following the transaction, the director now directly owns 4,310 shares in the company, valued at approximately $707,184.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Howard Nye sold 6,645 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $177.62, for a total value of $1,180,284.90. Following the transaction, the chief executive officer now owns 176,363 shares of the company’s stock, valued at $31,325,596.06. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

A number of research firms have recently commented on MLM. TheStreet cut Martin Marietta Materials from a “b-” rating to a “c+” rating in a research report on Monday, March 30th. Exane BNP Paribas raised Martin Marietta Materials from an “underperform” rating to an “outperform” rating and set a $249.00 price target on the stock in a research report on Tuesday, June 16th. Nomura Securities boosted their price objective on Martin Marietta Materials from $218.00 to $242.00 and gave the company a “buy” rating in a research note on Friday, April 17th. DA Davidson lowered shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $185.00 target price on the stock. in a research report on Wednesday, April 22nd. Finally, Goldman Sachs Group cut their target price on shares of Martin Marietta Materials from $301.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Martin Marietta Materials has an average rating of “Buy” and a consensus target price of $239.24.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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