Capital Analysts LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 215,137.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 62,419 shares of the construction company’s stock after acquiring an additional 62,390 shares during the quarter. Capital Analysts LLC’s holdings in Martin Marietta Materials were worth $1,152,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of MLM. Valeo Financial Advisors LLC increased its position in shares of Martin Marietta Materials by 149.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 523 shares of the construction company’s stock valued at $116,000 after buying an additional 313 shares in the last quarter. Highlander Capital Management LLC purchased a new stake in shares of Martin Marietta Materials in the third quarter valued at approximately $124,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Martin Marietta Materials in the third quarter valued at approximately $152,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $155,000. Finally, First Dallas Securities Inc. purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $155,000. Institutional investors and hedge funds own 96.45% of the company’s stock.
A number of analysts have recently commented on the company. Alembic Global Advisors restated a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday, February 14th. SunTrust Banks restated a “buy” rating and issued a $245.00 price objective on shares of Martin Marietta Materials in a research report on Tuesday, February 13th. Zacks Investment Research upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Citigroup boosted their price target on Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Stephens reiterated a “hold” rating and set a $250.00 price target on shares of Martin Marietta Materials in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Martin Marietta Materials has a consensus rating of “Hold” and an average price target of $243.25.
Shares of Martin Marietta Materials, Inc. (NYSE:MLM) opened at $211.58 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73. Martin Marietta Materials, Inc. has a 12-month low of $191.09 and a 12-month high of $244.32. The company has a market capitalization of $13,300.00, a P/E ratio of 30.89, a P/E/G ratio of 3.08 and a beta of 1.10.
Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.46. Martin Marietta Materials had a return on equity of 10.85% and a net margin of 17.99%. The firm had revenue of $911.30 million during the quarter, compared to analysts’ expectations of $924.30 million. During the same period in the previous year, the business earned $1.55 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. analysts predict that Martin Marietta Materials, Inc. will post 8.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 5th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.83%. Martin Marietta Materials’s payout ratio is 25.69%.
In related news, Director Laree E. Perez sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $214.00, for a total transaction of $642,000.00. Following the completion of the sale, the director now directly owns 16,751 shares in the company, valued at $3,584,714. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.45% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: This piece was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.thelincolnianonline.com/2018/02/24/martin-marietta-materials-inc-mlm-stake-increased-by-capital-analysts-llc.html.
Martin Marietta Materials Profile
Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.
Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials, Inc. (NYSE:MLM).
Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.