Epoch Investment Partners Inc. Reduces Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Epoch Investment Partners Inc. trimmed its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 2.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,196 shares of the construction company’s stock after selling 91 shares during the period. Epoch Investment Partners Inc.’s holdings in Martin Marietta Materials were worth $2,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Martin Marietta Materials by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock valued at $838,421,000 after purchasing an additional 181,136 shares during the last quarter. FMR LLC grew its stake in Martin Marietta Materials by 225.3% during the 3rd quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock valued at $752,803,000 after purchasing an additional 1,270,116 shares during the last quarter. Norges Bank purchased a new stake in Martin Marietta Materials during the 4th quarter valued at about $308,705,000. Northern Trust Corp grew its stake in Martin Marietta Materials by 3.8% during the 3rd quarter. Northern Trust Corp now owns 615,467 shares of the construction company’s stock valued at $252,637,000 after purchasing an additional 22,391 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Martin Marietta Materials by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,396 shares of the construction company’s stock valued at $307,026,000 after purchasing an additional 27,775 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Roselyn R. Bar sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $603.29, for a total value of $6,032,900.00. Following the completion of the transaction, the executive vice president now directly owns 59,970 shares in the company, valued at $36,179,301.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on MLM. Truist Financial boosted their price target on Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded Martin Marietta Materials from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Wolfe Research cut Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. HSBC raised Martin Marietta Materials from a “reduce” rating to a “hold” rating and upped their price target for the stock from $376.00 to $543.00 in a report on Thursday, February 22nd. Finally, Citigroup upped their price target on Martin Marietta Materials from $635.00 to $708.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $610.27.

View Our Latest Research Report on MLM

Martin Marietta Materials Price Performance

Shares of NYSE:MLM traded down $0.41 during midday trading on Friday, hitting $550.87. The company had a trading volume of 430,490 shares, compared to its average volume of 390,634. Martin Marietta Materials, Inc. has a twelve month low of $389.90 and a twelve month high of $626.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.16 and a quick ratio of 2.41. The stock has a market cap of $33.96 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.41 and a beta of 0.93. The business’s 50-day simple moving average is $589.83 and its 200-day simple moving average is $547.16.

Martin Marietta Materials (NYSE:MLMGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.88 by $0.05. Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the firm earned $2.16 earnings per share. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, research analysts predict that Martin Marietta Materials, Inc. will post 23.38 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a $0.74 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.96 annualized dividend and a yield of 0.54%. Martin Marietta Materials’s payout ratio is 8.77%.

Martin Marietta Materials Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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