Swedbank AB Reduces Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Swedbank AB trimmed its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 25.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,607 shares of the construction company’s stock after selling 885 shares during the period. Swedbank AB’s holdings in Martin Marietta Materials were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Hantz Financial Services Inc. lifted its holdings in shares of Martin Marietta Materials by 5.3% in the 4th quarter. Hantz Financial Services Inc. now owns 3,727 shares of the construction company’s stock valued at $1,925,000 after purchasing an additional 189 shares during the last quarter. Forsta AP Fonden increased its stake in Martin Marietta Materials by 24.2% in the fourth quarter. Forsta AP Fonden now owns 22,100 shares of the construction company’s stock valued at $11,415,000 after purchasing an additional 4,300 shares during the period. R Squared Ltd purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at about $41,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth about $547,000. Finally, Blue Trust Inc. grew its holdings in shares of Martin Marietta Materials by 15.6% during the fourth quarter. Blue Trust Inc. now owns 747 shares of the construction company’s stock worth $402,000 after buying an additional 101 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 0.4 %

Shares of MLM opened at $543.92 on Monday. The firm has a market capitalization of $33.24 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 4.57 and a beta of 0.91. Martin Marietta Materials, Inc. has a twelve month low of $490.05 and a twelve month high of $633.23. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $546.41 and its 200 day simple moving average is $550.93.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio is presently 9.85%.

Analyst Ratings Changes

MLM has been the subject of a number of recent research reports. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Barclays boosted their price objective on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Morgan Stanley cut their price target on shares of 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 assumed coverage on shares of Martin Marietta Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $730.00 price target on the stock. Finally, HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has issued 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, the company presently has an average rating of “Moderate Buy” and an average price target of $648.71.

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.