Nordea Funding Administration AB elevated its holdings in shares of Martin Marietta Supplies, Inc. (NYSE:MLM – Free Report) by 2.8% within the third quarter, based on its most up-to-date Type 13F submitting with the Securities and Alternate Fee. The institutional investor owned 4,050 shares of the development firm’s inventory after buying an extra 111 shares in the course of the quarter. Nordea Funding Administration AB’s holdings in Martin Marietta Supplies had been value $1,681,000 on the finish of the newest reporting interval.
A number of different institutional buyers and hedge funds additionally just lately added to or decreased their stakes within the enterprise. Vanguard Group Inc. boosted its stake in Martin Marietta Supplies by 1.6% within the 1st quarter. Vanguard Group Inc. now owns 6,850,912 shares of the development firm’s inventory value $2,636,848,000 after buying an extra 105,535 shares in the course of the interval. State Avenue Corp boosted its place in shares of Martin Marietta Supplies by 2.3% in the course of the second quarter. State Avenue Corp now owns 2,569,976 shares of the development firm’s inventory value $1,186,532,000 after buying an extra 58,864 shares over the last quarter. Geode Capital Administration LLC boosted its place in shares of Martin Marietta Supplies by 1.9% in the course of the second quarter. Geode Capital Administration LLC now owns 1,311,439 shares of the development firm’s inventory value $603,883,000 after buying an extra 24,502 shares over the last quarter. Goldman Sachs Group Inc. grew its stake in Martin Marietta Supplies by 8.3% in the course of the first quarter. Goldman Sachs Group Inc. now owns 919,179 shares of the development firm’s inventory valued at $353,783,000 after buying an extra 70,072 shares within the final quarter. Lastly, Morgan Stanley elevated its holdings in Martin Marietta Supplies by 51.6% within the 4th quarter. Morgan Stanley now owns 737,821 shares of the development firm’s inventory valued at $249,362,000 after buying an extra 251,047 shares over the last quarter. Institutional buyers personal 93.22% of the corporate’s inventory.
Analyst Scores Modifications
MLM has been the topic of various analysis analyst experiences. Stifel Nicolaus raised their worth goal on Martin Marietta Supplies from $510.00 to $598.00 and gave the corporate a “purchase” ranking in a analysis report on Tuesday, December nineteenth. The Goldman Sachs Group lifted their worth goal on Martin Marietta Supplies from $560.00 to $642.00 and gave the inventory a “purchase” ranking in a analysis observe on Friday, February sixteenth. Raymond James raised their goal worth on shares of Martin Marietta Supplies from $505.00 to $555.00 and gave the corporate an “outperform” ranking in a report on Thursday, January twenty fifth. StockNews.com downgraded shares of Martin Marietta Supplies from a “purchase” ranking to a “maintain” ranking in a analysis observe on Friday, February ninth. Lastly, Truist Monetary boosted their goal worth on shares of Martin Marietta Supplies from $550.00 to $610.00 and gave the inventory a “purchase” ranking in a report on Thursday, February fifteenth. Two equities analysis analysts have rated the inventory with a maintain ranking and eleven have issued a purchase ranking to the corporate. Based mostly on information from MarketBeat, the inventory presently has a consensus ranking of “Reasonable Purchase” and a median goal worth of $559.46.
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Martin Marietta Supplies Buying and selling Up 0.1 %
MLM opened at $548.68 on Friday. The corporate has a fast ratio of two.50, a present ratio of three.35 and a debt-to-equity ratio of 0.49. The inventory’s fifty day transferring common is $508.82 and its two-hundred day transferring common is $464.24. The corporate has a market capitalization of $33.91 billion, a P/E ratio of 29.14, a PEG ratio of two.68 and a beta of 0.94. Martin Marietta Supplies, Inc. has a 52 week low of $317.94 and a 52 week excessive of $550.84.
Martin Marietta Supplies (NYSE:MLM – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, February 14th. The development firm reported $4.63 EPS for the quarter, beating the consensus estimate of $3.96 by $0.67. Martin Marietta Supplies had a return on fairness of 15.77% and a web margin of 17.25%. The agency had income of $1.61 billion for the quarter, in comparison with analyst estimates of $1.62 billion. Throughout the identical quarter final yr, the agency posted $3.04 earnings per share. The enterprise’s income for the quarter was up 8.9% on a year-over-year foundation. Analysts forecast that Martin Marietta Supplies, Inc. will put up 21.09 earnings per share for the present yr.
Martin Marietta Supplies Dividend Announcement
The agency additionally just lately declared a quarterly dividend, which will likely be paid on Thursday, March twenty eighth. Stockholders of document on Monday, March 4th will likely be given a $0.74 dividend. The ex-dividend date is Friday, March 1st. This represents a $2.96 annualized dividend and a dividend yield of 0.54%. Martin Marietta Supplies’s payout ratio is presently 15.72%.
Insider Exercise at Martin Marietta Supplies
In different Martin Marietta Supplies information, Director Sue W. Cole bought 1,724 shares of the corporate’s inventory in a transaction on Friday, February sixteenth. The inventory was bought at a median worth of $543.48, for a complete transaction of $936,959.52. Following the completion of the sale, the director now owns 19,793 shares within the firm, valued at $10,757,099.64. The transaction was disclosed in a doc filed with the SEC, which could be accessed by this hyperlink. 0.61% of the inventory is presently owned by company insiders.
About Martin Marietta Supplies
(Free Report)
Martin Marietta Supplies, Inc, a pure resource-based constructing supplies firm, provides aggregates and heavy-side constructing supplies to the development trade in america and internationally. It provides crushed stone, sand, and gravel merchandise; prepared blended concrete and asphalt; paving services and products; and Portland and specialty cement to be used within the infrastructure tasks, and nonresidential and residential building markets, in addition to within the railroad, agricultural, utility, and environmental industries.
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