Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by ING Groep NV

ING Groep NV boosted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 162.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,806 shares of the construction company’s stock after buying an additional 4,832 shares during the quarter. ING Groep NV’s holdings in Martin Marietta Materials were worth $4,032,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Franklin Street Advisors Inc. NC grew its holdings in shares of Martin Marietta Materials by 15.5% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock worth $13,037,000 after acquiring an additional 3,384 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Martin Marietta Materials by 18.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock worth $4,914,000 after purchasing an additional 1,286 shares in the last quarter. RMR Wealth Builders raised its holdings in Martin Marietta Materials by 431.3% during the 4th quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock worth $1,235,000 after buying an additional 1,941 shares during the period. Kovack Advisors Inc. purchased a new stake in Martin Marietta Materials during the third quarter valued at about $734,000. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Martin Marietta Materials by 2,448.1% in the third quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock worth $741,000 after buying an additional 1,322 shares during the period. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

MLM has been the subject of several research analyst reports. BNP Paribas downgraded shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upgraded 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. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Citigroup reduced their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus price target of $639.43.

Martin Marietta Materials Trading Down 3.2 %

Martin Marietta Materials stock opened at $489.94 on Friday. Martin Marietta Materials, Inc. has a one year low of $482.72 and a one year high of $633.23. The company’s fifty day moving average price is $530.12 and its two-hundred day moving average price is $547.08. 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 company has a market capitalization of $29.95 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 4.45 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last issued 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 return on equity of 12.11% and a net margin of 30.54%. On average, analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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