BlackRock Inc. Grows Position in Martin Marietta Materials, Inc. (NYSE:MLM)

BlackRock Inc. boosted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,149,870 shares of the construction company’s stock after acquiring an additional 53,775 shares during the quarter. BlackRock Inc. owned about 0.07% of Martin Marietta Materials worth $1,417,929,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. grew its holdings in Martin Marietta Materials by 464.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 79 shares of the construction company’s stock valued at $28,000 after purchasing an additional 65 shares during the last quarter. AllSquare Wealth Management LLC grew its holdings in Martin Marietta Materials by 100.0% in the second quarter. AllSquare Wealth Management LLC now owns 100 shares of the construction company’s stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. Signaturefd LLC grew its holdings in Martin Marietta Materials by 128.8% in the third quarter. Signaturefd LLC now owns 119 shares of the construction company’s stock valued at $41,000 after purchasing an additional 67 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in Martin Marietta Materials in the third quarter valued at $44,000. Finally, WD Rutherford LLC acquired a new stake in Martin Marietta Materials in the third quarter valued at $50,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

A number of research firms recently commented on MLM. Truist Financial raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $525.00 price objective on the stock in a research note on Friday, December 10th. Loop Capital raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $390.00 price objective on the stock in a research note on Wednesday, October 6th. Citigroup increased their price objective on Martin Marietta Materials from $435.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, October 26th. Wolfe Research began coverage on Martin Marietta Materials in a research note on Wednesday, October 27th. They set a “market perform” rating and a $432.00 price objective on the stock. Finally, Truist Securities raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $525.00 price objective on the stock in a research note on Friday, December 10th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Martin Marietta Materials presently has an average rating of “Buy” and an average price target of $457.54.

Shares of NYSE:MLM opened at $402.63 on Friday. The stock’s 50-day moving average price is $425.58 and its two-hundred day moving average price is $387.27. The company has a current ratio of 6.65, a quick ratio of 5.46 and a debt-to-equity ratio of 0.80. Martin Marietta Materials, Inc. has a 12-month low of $280.38 and a 12-month high of $446.46. The firm has a market cap of $25.12 billion, a price-to-earnings ratio of 34.56 and a beta of 0.71.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, November 2nd. The construction company reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.01. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. Martin Marietta Materials had a return on equity of 12.38% and a net margin of 14.30%. During the same period last year, the business posted $4.71 EPS. As a group, research analysts forecast that Martin Marietta Materials, Inc. will post 11.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Wednesday, December 1st were issued a $0.61 dividend. The ex-dividend date was Tuesday, November 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 0.61%. Martin Marietta Materials’s dividend payout ratio (DPR) is 20.94%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographical segments: East Group and West Group. The East Group segments provide aggregates products only.

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

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