Dimensional Fund Advisors LP Buys 12,759 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Dimensional Fund Advisors LP boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 2.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 623,681 shares of the construction company’s stock after buying an additional 12,759 shares during the period. Dimensional Fund Advisors LP owned approximately 1.01% of Martin Marietta Materials worth $337,903,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MLM. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Martin Marietta Materials in the fourth quarter valued at approximately $25,000. Riverview Trust Co bought a new stake in Martin Marietta Materials in the 1st quarter valued at $26,000. Redmont Wealth Advisors LLC bought a new stake in Martin Marietta Materials in the 1st quarter valued at $31,000. Fortitude Family Office LLC grew its holdings in Martin Marietta Materials by 186.4% in the 2nd quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock valued at $34,000 after buying an additional 41 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in Martin Marietta Materials during the 1st quarter worth $41,000. 95.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Loop Capital reduced their target price on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Jefferies Financial Group boosted their price objective on shares of Martin Marietta Materials from $660.00 to $665.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Stephens decreased their target price on shares of Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Citigroup dropped their price target on shares of Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Stifel Nicolaus cut their price target on Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $629.82.

Martin Marietta Materials Trading Up 1.7 %

Shares of MLM stock opened at $529.78 on Tuesday. Martin Marietta Materials, Inc. has a fifty-two week low of $389.90 and a fifty-two week high of $626.67. The stock’s fifty day moving average price is $541.32 and its two-hundred day moving average price is $568.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.94 and a current ratio of 1.86. The company has a market cap of $32.66 billion, a PE ratio of 15.70, a P/E/G ratio of 3.52 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $4.76 earnings per share for the quarter, missing the consensus estimate of $5.36 by ($0.60). Martin Marietta Materials had a net margin of 30.80% and a return on equity of 13.85%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the business earned $5.60 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts predict that Martin Marietta Materials, Inc. will post 19.33 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.79 per share. The ex-dividend date is Tuesday, September 3rd. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.74. This represents a $3.16 annualized dividend and a dividend yield of 0.60%. Martin Marietta Materials’s payout ratio is 9.36%.

Martin Marietta Materials 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.