Mitsubishi UFJ Securities Holdings Co. Ltd. Acquires New Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Share on StockTwits

Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the 1st quarter, HoldingsChannel reports. The firm acquired 470 shares of the construction company’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mason Street Advisors LLC raised its holdings in Martin Marietta Materials by 0.7% in the first quarter. Mason Street Advisors LLC now owns 8,907 shares of the construction company’s stock worth $1,792,000 after purchasing an additional 66 shares during the period. ETF Managers Group LLC raised its holdings in Martin Marietta Materials by 10.5% in the first quarter. ETF Managers Group LLC now owns 692 shares of the construction company’s stock worth $139,000 after purchasing an additional 66 shares during the period. Parallel Advisors LLC raised its holdings in Martin Marietta Materials by 19.7% in the fourth quarter. Parallel Advisors LLC now owns 425 shares of the construction company’s stock worth $73,000 after purchasing an additional 70 shares during the period. Simmons Bank raised its holdings in Martin Marietta Materials by 1.5% in the first quarter. Simmons Bank now owns 4,740 shares of the construction company’s stock worth $954,000 after purchasing an additional 71 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in Martin Marietta Materials by 6.6% in the first quarter. Wealthfront Advisers LLC now owns 1,300 shares of the construction company’s stock worth $262,000 after purchasing an additional 80 shares during the period.

In related news, Director Laree E. Perez sold 824 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $231.80, for a total value of $191,003.20. Following the completion of the transaction, the director now owns 14,136 shares of the company’s stock, valued at $3,276,724.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman C Howard Nye sold 14,668 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $220.48, for a total transaction of $3,234,000.64. Following the completion of the transaction, the chairman now directly owns 167,019 shares of the company’s stock, valued at approximately $36,824,349.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,675 shares of company stock worth $4,125,869. 0.73% of the stock is currently owned by company insiders.

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Martin Marietta Materials in a report on Thursday, March 21st. They issued an “overweight” rating and a $225.00 target price on the stock. Goldman Sachs Group upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and increased their target price for the stock from $207.00 to $232.00 in a report on Thursday, April 11th. Citigroup increased their target price on shares of Martin Marietta Materials from $239.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. DA Davidson upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $227.22 target price on the stock in a report on Thursday, June 6th. Finally, Bank of America lowered shares of Martin Marietta Materials from a “neutral” rating to an “underperform” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $221.87.

Shares of NYSE:MLM traded down $1.75 during midday trading on Wednesday, reaching $219.19. 17,851 shares of the company were exchanged, compared to its average volume of 666,894. Martin Marietta Materials, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $232.88. The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.65. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.26 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.39. Martin Marietta Materials had a net margin of 11.48% and a return on equity of 10.82%. The business had revenue of $938.96 million for the quarter, compared to analyst estimates of $881.82 million. During the same period last year, the business posted $0.16 earnings per share. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. Research analysts expect that Martin Marietta Materials, Inc. will post 9.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.88%. Martin Marietta Materials’s payout ratio is 23.73%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://weekherald.com/2019/06/12/mitsubishi-ufj-securities-holdings-co-ltd-acquires-new-holdings-in-martin-marietta-materials-inc-nysemlm.html.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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.

Featured Article: What Does Beta Mean In Stock Selection

Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials, Inc. (NYSE:MLM).

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

Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.