Martin Marietta Materials, Inc. (NYSE:MLM) Stock Position Increased by RMR Wealth Builders

RMR Wealth Builders lifted its stake in Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 431.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,391 shares of the construction company’s stock after acquiring an additional 1,941 shares during the period. RMR Wealth Builders’ holdings in Martin Marietta Materials were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MLM. Newbridge Financial Services Group Inc. lifted its stake in 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 valued at $25,000 after acquiring an additional 37 shares during the last quarter. Asset Dedication LLC boosted its stake in Martin Marietta Materials by 1,300.0% during the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. First Personal Financial Services bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth about $33,000. Larson Financial Group LLC bought a new stake in Martin Marietta Materials in the 3rd quarter valued at $49,000. Finally, Tobam raised its stake in shares of Martin Marietta Materials by 38.8% in the third quarter. Tobam now owns 93 shares of the construction company’s stock valued at $50,000 after acquiring an additional 26 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MLM. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Wolfe Research upgraded shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 target price on the stock in a report on Wednesday. Citigroup lowered their price objective on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research note on Monday. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group lowered their target price on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $643.36.

Read Our Latest Analysis on Martin Marietta Materials

Martin Marietta Materials Price Performance

NYSE:MLM traded down $8.71 during trading hours on Friday, reaching $508.54. The stock had a trading volume of 355,711 shares, compared to its average volume of 387,595. The stock has a market capitalization of $31.08 billion, a PE ratio of 15.85, a PEG ratio of 3.74 and a beta of 0.91. Martin Marietta Materials, Inc. has a 52 week low of $489.90 and a 52 week high of $633.23. The company has a 50 day moving average price of $565.01 and a two-hundred day moving average price of $551.40. 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 (NYSE:MLMGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing the consensus estimate of $6.41 by ($0.50). The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.94 billion. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $6.94 EPS. As a group, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 17.58 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.62%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio is currently 9.85%.

Martin Marietta Materials Profile

(Free Report)

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.

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

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