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

Tokio Marine Asset Management Co. Ltd. lifted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,873 shares of the construction company’s stock after purchasing 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 quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MLM. Northwestern Mutual Wealth Management Co. grew its holdings in Martin Marietta Materials by 23.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,782 shares of the construction company’s stock worth $965,000 after acquiring an additional 339 shares in the last quarter. Centaurus Financial Inc. bought a new position in Martin Marietta Materials during the 2nd quarter worth about $166,000. Czech National Bank grew its holdings in Martin Marietta Materials by 6.0% during the 3rd quarter. Czech National Bank now owns 12,450 shares of the construction company’s stock worth $6,701,000 after acquiring an additional 703 shares in the last quarter. GAMMA Investing LLC grew its holdings in Martin Marietta Materials by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,163 shares of the construction company’s stock worth $626,000 after acquiring an additional 190 shares in the last quarter. Finally, New England Research & Management Inc. lifted its position in shares of Martin Marietta Materials by 56.2% during the third quarter. New England Research & Management Inc. now owns 3,045 shares of the construction company’s stock valued at $1,639,000 after buying an additional 1,095 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on MLM. Morgan Stanley decreased 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 research report on Tuesday, December 17th. BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Barclays increased their price target on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Jefferies Financial Group decreased their price objective on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Loop Capital increased their price objective on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $648.71.

Martin Marietta Materials Stock Down 1.4 %

Shares of MLM opened at $536.39 on Tuesday. The firm has a market cap of $32.78 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 4.60 and a beta of 0.91. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. The company’s 50-day moving average price is $546.41 and its 200 day moving average price is $550.93. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials Dividend Announcement

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

Martin Marietta Materials 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.