First Republic Investment Management Inc. grew its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,139 shares of the construction company’s stock after buying an additional 242 shares during the period. First Republic Investment Management Inc.’s holdings in Martin Marietta Materials were worth $473,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of MLM. Valeo Financial Advisors LLC boosted its position in shares of Martin Marietta Materials by 149.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 523 shares of the construction company’s stock worth $116,000 after acquiring an additional 313 shares during the last quarter. Highlander Capital Management LLC bought a new position in shares of Martin Marietta Materials during the third quarter worth $124,000. Massey Quick Simon & CO. LLC purchased a new stake in Martin Marietta Materials during the third quarter valued at $152,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Martin Marietta Materials during the fourth quarter valued at $155,000. Finally, First Dallas Securities Inc. purchased a new stake in Martin Marietta Materials during the fourth quarter valued at $155,000. 99.32% of the stock is owned by institutional investors and hedge funds.
In related news, Director Sue W. Cole sold 3,000 shares of Martin Marietta Materials stock in a transaction on Monday, March 12th. The shares were sold at an average price of $210.06, for a total value of $630,180.00. Following the sale, the director now owns 24,145 shares of the company’s stock, valued at approximately $5,071,898.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.45% of the stock is currently owned by company insiders.
Several equities research analysts have recently weighed in on the stock. Stephens reissued a “hold” rating and issued a $250.00 target price on shares of Martin Marietta Materials in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research note on Friday, January 19th. Citigroup raised their price target on shares of Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $245.00 price target on shares of Martin Marietta Materials in a research note on Tuesday, February 13th. Finally, Alembic Global Advisors reiterated a “buy” rating on shares of Martin Marietta Materials in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Martin Marietta Materials presently has an average rating of “Hold” and a consensus price target of $243.25.
Martin Marietta Materials, Inc. (MLM) traded down $3.59 on Wednesday, reaching $206.73. 372,027 shares of the company’s stock were exchanged, compared to its average volume of 713,075. The company has a quick ratio of 2.93, a current ratio of 3.79 and a debt-to-equity ratio of 0.58. The stock has a market cap of $13,171.05, a price-to-earnings ratio of 18.36, a PEG ratio of 3.01 and a beta of 1.17. Martin Marietta Materials, Inc. has a 12 month low of $191.09 and a 12 month high of $244.32.
Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, February 13th. The construction company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.46. Martin Marietta Materials had a net margin of 17.99% and a return on equity of 10.55%. The firm had revenue of $911.30 million during the quarter, compared to analyst estimates of $924.30 million. During the same period in the previous year, the firm earned $1.55 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. equities research analysts anticipate that Martin Marietta Materials, Inc. will post 8.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 5th will be paid a $0.44 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 0.85%. Martin Marietta Materials’s dividend payout ratio is currently 15.63%.
Martin Marietta Materials Company 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.
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