12,647 Shares in Martin Marietta Materials, Inc. $MLM Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,647 shares of the construction company’s stock, valued at approximately $7,877,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC boosted its stake in shares of Martin Marietta Materials by 3.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company’s stock valued at $264,000 after purchasing an additional 16 shares during the period. Harbour Investments Inc. boosted its stake in shares of Martin Marietta Materials by 31.4% in the fourth quarter. Harbour Investments Inc. now owns 67 shares of the construction company’s stock valued at $42,000 after purchasing an additional 16 shares during the period. Fiduciary Alliance LLC boosted its stake in shares of Martin Marietta Materials by 2.6% in the fourth quarter. Fiduciary Alliance LLC now owns 702 shares of the construction company’s stock valued at $437,000 after purchasing an additional 18 shares during the period. Vise Technologies Inc. boosted its stake in shares of Martin Marietta Materials by 2.5% in the third quarter. Vise Technologies Inc. now owns 731 shares of the construction company’s stock valued at $461,000 after purchasing an additional 18 shares during the period. Finally, Snowden Capital Advisors LLC boosted its stake in shares of Martin Marietta Materials by 1.9% in the second quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company’s stock valued at $533,000 after purchasing an additional 18 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Up 0.2%

Shares of NYSE:MLM opened at $582.80 on Monday. The stock has a market capitalization of $35.00 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10. Martin Marietta Materials, Inc. has a 1-year low of $525.38 and a 1-year high of $710.97. The company’s fifty day moving average is $590.95 and its two-hundred day moving average is $621.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 earnings per share. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.41 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is 7.91%.

Wall Street Analysts Forecast Growth

MLM has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Zacks Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Raymond James Financial set a $690.00 price target on shares of Martin Marietta Materials in a report on Monday, April 27th. Wells Fargo & Company upped their price target on shares of Martin Marietta Materials from $608.00 to $614.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised shares of Martin Marietta Materials from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $689.81.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.