Tokio Marine Asset Management Co. Ltd. Has $780,000 Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Tokio Marine Asset Management Co. Ltd. lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,564 shares of the construction company’s stock after acquiring an additional 25 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Martin Marietta Materials were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MLM. FMR LLC raised its stake in shares of Martin Marietta Materials by 225.3% in the third 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Martin Marietta Materials by 9.7% in the third 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 in the last quarter. Invesco Ltd. raised its stake in shares of Martin Marietta Materials by 22.6% in the third quarter. Invesco Ltd. now owns 570,193 shares of the construction company’s stock valued at $234,053,000 after purchasing an additional 104,981 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Martin Marietta Materials in the third quarter valued at $34,736,000. Finally, Jennison Associates LLC raised its stake in shares of Martin Marietta Materials by 96.6% in the fourth quarter. Jennison Associates LLC now owns 157,904 shares of the construction company’s stock valued at $78,780,000 after purchasing an additional 77,596 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Sue W. Cole sold 1,724 shares of Martin Marietta Materials stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $543.48, for a total transaction of $936,959.52. Following the transaction, the director now owns 19,793 shares in the company, valued at approximately $10,757,099.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Roselyn R. Bar sold 10,000 shares of Martin Marietta Materials 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 sale, the executive vice president now owns 59,970 shares of the company’s stock, valued at approximately $36,179,301.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sue W. Cole sold 1,724 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $543.48, for a total value of $936,959.52. Following the completion of the sale, the director now directly owns 19,793 shares in the company, valued at approximately $10,757,099.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,724 shares of company stock worth $16,033,760. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

MLM has been the subject of several recent analyst reports. Wolfe Research lowered Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Citigroup increased their price objective on Martin Marietta Materials from $635.00 to $708.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. HSBC upgraded Martin Marietta Materials from a “reduce” rating to a “hold” rating and raised their target price for the company from $376.00 to $543.00 in a research note on Thursday, February 22nd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $600.00 target price (up from $530.00) on shares of Martin Marietta Materials in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group raised their target price on Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Four 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $588.69.

Martin Marietta Materials Price Performance

Shares of MLM opened at $605.17 on Friday. The company has a current ratio of 3.35, a quick ratio of 2.50 and a debt-to-equity ratio of 0.49. Martin Marietta Materials, Inc. has a 1 year low of $345.03 and a 1 year high of $626.67. The stock has a market cap of $37.35 billion, a P/E ratio of 32.14, a price-to-earnings-growth ratio of 2.89 and a beta of 0.96. The stock’s 50-day moving average price is $593.37 and its two-hundred day moving average price is $515.98.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, February 14th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.67. Martin Marietta Materials had a return on equity of 15.77% and a net margin of 17.25%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the business earned $3.04 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that Martin Marietta Materials, Inc. will post 21.3 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 4th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 15.72%.

About Martin Marietta Materials

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.