1,034 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Bought by Forte Capital LLC ADV

Forte Capital LLC ADV bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM) during the 3rd quarter, Holdings Channel reports. The fund bought 1,034 shares of the construction company’s stock, valued at approximately $557,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MLM. Newbridge Financial Services Group Inc. increased its stake in shares of Martin Marietta Materials by 411.1% in the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after purchasing an additional 37 shares during the period. Asset Dedication LLC increased its position in Martin Marietta Materials by 1,300.0% in the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after buying an additional 52 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Martin Marietta Materials by 186.4% during the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock worth $34,000 after buying an additional 41 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Martin Marietta Materials in the first quarter valued at approximately $41,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Martin Marietta Materials in the second quarter worth $43,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 0.0 %

Shares of NYSE:MLM opened at $617.16 on Friday. The company’s fifty day moving average is $547.35 and its 200-day moving average is $556.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. Martin Marietta Materials, Inc. has a 52 week low of $444.14 and a 52 week high of $633.23. The company has a market capitalization of $37.72 billion, a PE ratio of 19.23, a P/E/G ratio of 3.86 and a beta of 0.90.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. Martin Marietta Materials’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.94 earnings per share. Equities research analysts predict that Martin Marietta Materials, Inc. will post 17.95 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.51%. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.74. The ex-dividend date was Tuesday, September 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 9.85%.

Analyst Ratings Changes

A number of brokerages have weighed in on MLM. Loop Capital increased their price target on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stephens reduced their target price on shares of Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. UBS Group started coverage on Martin Marietta Materials in a research note on Thursday. They set a “buy” rating and a $730.00 price target on the stock. Citigroup cut their price target on Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, Barclays lifted their price objective on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $634.85.

Martin Marietta Materials Company Profile

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.