Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires Shares of 9,900 Martin Marietta Materials, Inc. (NYSE:MLM)

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,900 shares of the construction company’s stock, valued at approximately $5,113,000.

Several other large investors have also recently modified their holdings of MLM. First Personal Financial Services purchased a new position in shares of Martin Marietta Materials in the 3rd quarter worth about $33,000. Kestra Investment Management LLC purchased a new position in shares of Martin Marietta Materials in the 4th quarter worth about $35,000. Retirement Wealth Solutions LLC purchased a new position in shares of Martin Marietta Materials in the 4th quarter worth about $41,000. R Squared Ltd purchased a new position in shares of Martin Marietta Materials in the 4th quarter worth about $41,000. Finally, Larson Financial Group LLC purchased a new position in shares of Martin Marietta Materials in the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MLM. Truist Financial lowered their price target on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Morgan Stanley reduced their price objective on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. UBS Group initiated coverage on Martin Marietta Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price objective for the company. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. Finally, BNP Paribas downgraded Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $639.43.

Martin Marietta Materials Trading Down 0.2 %

Martin Marietta Materials stock opened at $489.72 on Wednesday. The business has a 50-day simple moving average of $528.99 and a two-hundred day simple moving average of $546.80. The company has a market cap of $29.93 billion, a P/E ratio of 15.15, a P/E/G ratio of 4.45 and a beta of 0.91. Martin Marietta Materials, Inc. has a 52-week low of $482.72 and a 52-week high of $633.23. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be paid a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.65%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

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.