DJE Kapital AG Makes New Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

DJE Kapital AG bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,720 shares of the construction company’s stock, valued at approximately $898,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MLM. Jones Financial Companies Lllp boosted its holdings in shares of Martin Marietta Materials by 48.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,178 shares of the construction company’s stock valued at $609,000 after acquiring an additional 386 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Martin Marietta Materials by 72.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 861 shares of the construction company’s stock valued at $448,000 after acquiring an additional 362 shares in the last quarter. Metis Global Partners LLC boosted its holdings in shares of Martin Marietta Materials by 43.9% in the fourth quarter. Metis Global Partners LLC now owns 2,824 shares of the construction company’s stock valued at $1,459,000 after acquiring an additional 861 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter valued at approximately $1,263,000. Finally, First American Bank boosted its holdings in shares of Martin Marietta Materials by 19.6% in the fourth quarter. First American Bank now owns 1,941 shares of the construction company’s stock valued at $1,003,000 after acquiring an additional 318 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 0.1 %

Shares of NYSE:MLM opened at $483.06 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The company has a market cap of $29.45 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. Martin Marietta Materials, Inc. has a 52 week low of $475.10 and a 52 week high of $633.23. The firm has a 50 day simple moving average of $525.13 and a 200 day simple moving average of $545.50.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on MLM shares. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $515.00 to $640.00 in a report on Wednesday, November 27th. Stephens decreased their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. UBS Group started coverage on shares of Martin Marietta Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price objective for the company. StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Finally, Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $639.43.

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.