Nomura Asset Management Co. Ltd. Acquires 94 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Nomura Asset Management Co. Ltd. boosted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,360 shares of the construction company’s stock after purchasing an additional 94 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Martin Marietta Materials were worth $9,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new position in shares of Martin Marietta Materials in the 4th quarter valued at about $28,000. Whipplewood Advisors LLC bought a new position in Martin Marietta Materials in the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC bought a new position in Martin Marietta Materials in the fourth quarter valued at approximately $35,000. Hopwood Financial Services Inc. bought a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Martin Marietta Materials by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock worth $37,000 after purchasing an additional 34 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Down 1.3 %

MLM stock opened at $477.92 on Monday. Martin Marietta Materials, Inc. has a fifty-two week low of $448.50 and a fifty-two week 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 stock has a market capitalization of $29.14 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 4.45 and a beta of 0.89. The business’s fifty day moving average price is $507.03 and its two-hundred day moving average price is $538.78.

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

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 9.77%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. HSBC upgraded 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 report on Wednesday, December 11th. Stephens dropped their target price on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus assumed coverage on Martin Marietta Materials in a report on Tuesday, March 4th. They set a “buy” rating and a $559.00 price target for the company. StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Loop Capital decreased their target price on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $628.64.

Insider Buying and Selling

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the sale, the executive vice president now directly owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was bought at an average price of $454.37 per share, for a total transaction of $249,903.50. Following the transaction, the senior vice president now directly owns 8,985 shares of the company’s stock, valued at $4,082,514.45. This trade represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. 0.68% of the stock is currently owned by company insiders.

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.