Martin Marietta Materials, Inc. (NYSE:MLM) Holdings Reduced by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,900 shares of the construction company’s stock after selling 100 shares during the period. Adams Natural Resources Fund Inc.’s holdings in Martin Marietta Materials were worth $2,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MLM. Price T Rowe Associates Inc. MD boosted its holdings in shares of Martin Marietta Materials by 114.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 980,699 shares of the construction company’s stock valued at $602,092,000 after acquiring an additional 523,038 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Martin Marietta Materials by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 623,681 shares of the construction company’s stock valued at $337,903,000 after acquiring an additional 12,759 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Martin Marietta Materials by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 465,703 shares of the construction company’s stock valued at $252,318,000 after acquiring an additional 11,749 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Martin Marietta Materials by 1.0% in the second quarter. William Blair Investment Management LLC now owns 374,811 shares of the construction company’s stock valued at $203,073,000 after acquiring an additional 3,598 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Martin Marietta Materials by 2.2% in the second quarter. Clearbridge Investments LLC now owns 228,775 shares of the construction company’s stock valued at $123,950,000 after acquiring an additional 4,939 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 1.0 %

Shares of NYSE:MLM opened at $583.88 on Wednesday. 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 $35.68 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. Martin Marietta Materials, Inc. has a 52 week low of $398.59 and a 52 week high of $626.67. The firm has a 50 day simple moving average of $538.61 and a 200 day simple moving average of $555.78.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, August 8th. The construction company reported $4.76 EPS for the quarter, missing the consensus estimate of $5.36 by ($0.60). The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Martin Marietta Materials had a net margin of 30.80% and a return on equity of 13.85%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $5.60 EPS. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 19.07 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were given a $0.79 dividend. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.54%. Martin Marietta Materials’s dividend payout ratio is presently 9.60%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Martin Marietta Materials from $560.00 to $515.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Citigroup decreased their price objective on shares of Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating for the company in a report on Monday, August 12th. Barclays raised their target price on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a report on Tuesday. Jefferies Financial Group reduced their target price on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Stifel Nicolaus reduced their target price on shares of Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $621.50.

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.