Tokio Marine Asset Management Co. Ltd. Purchases 23 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,873 shares of the construction company’s stock after buying an additional 23 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Martin Marietta Materials were worth $967,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Asset Dedication LLC grew its holdings in shares of Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. First Personal Financial Services bought a new stake in Martin Marietta Materials in the 3rd quarter worth about $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Martin Marietta Materials during the 4th quarter valued at approximately $41,000. R Squared Ltd bought a new position in shares of Martin Marietta Materials during the 4th quarter valued at approximately $41,000. Finally, Larson Financial Group LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter valued at approximately $49,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

MLM has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their target price for the company from $515.00 to $640.00 in a report on Wednesday, November 27th. Jefferies Financial Group cut their price target on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Martin Marietta Materials presently has an average rating of “Moderate Buy” and an average target price of $648.71.

Martin Marietta Materials Price Performance

MLM stock opened at $536.39 on Tuesday. Martin Marietta Materials, Inc. has a one year low of $490.05 and a one year high of $633.23. The company’s fifty day moving average price is $546.41 and its 200-day moving average price is $550.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The company has a market capitalization of $32.78 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 4.60 and a beta of 0.91.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s payout ratio is 9.85%.

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.