Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,753 shares of the construction company’s stock after buying an additional 163 shares during the quarter. Simon Quick Advisors LLC’s holdings in Martin Marietta Materials were worth $2,455,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Franklin Street Advisors Inc. NC grew its holdings in Martin Marietta Materials by 15.5% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock worth $13,037,000 after buying an additional 3,384 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Martin Marietta Materials by 18.5% in the third quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock worth $4,914,000 after purchasing an additional 1,286 shares in the last quarter. RMR Wealth Builders increased its holdings in shares of Martin Marietta Materials by 431.3% during the fourth quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock valued at $1,235,000 after purchasing an additional 1,941 shares during the period. Kovack Advisors Inc. bought a new stake in shares of Martin Marietta Materials during the third quarter valued at about $734,000. Finally, Benjamin Edwards Inc. lifted its holdings in Martin Marietta Materials by 2,448.1% in the third quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,322 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on MLM shares. 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 research note on Wednesday, October 9th. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. UBS Group started coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $730.00 price objective on the stock. Finally, StockNews.com raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $648.71.

Martin Marietta Materials Trading Up 1.8 %

NYSE MLM opened at $552.43 on Wednesday. The firm’s 50 day moving average price is $554.49 and its two-hundred day moving average price is $551.16. 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 twelve month low of $490.05 and a twelve month high of $633.23. The stock has a market cap of $33.76 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 3.17 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.94 EPS. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 17.57 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio is currently 9.85%.

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.