Voya Investment Management LLC Has $12.42 Million Stock Holdings in Martin Marietta Materials, Inc. $MLM

Voya Investment Management LLC raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 18.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,705 shares of the construction company’s stock after acquiring an additional 3,019 shares during the period. Voya Investment Management LLC’s holdings in Martin Marietta Materials were worth $12,420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wedmont Private Capital boosted its stake in Martin Marietta Materials by 10.8% during the third quarter. Wedmont Private Capital now owns 747 shares of the construction company’s stock worth $470,000 after buying an additional 73 shares in the last quarter. Czech National Bank boosted its position in shares of Martin Marietta Materials by 3.9% during the 3rd quarter. Czech National Bank now owns 15,317 shares of the construction company’s stock valued at $9,654,000 after acquiring an additional 582 shares in the last quarter. EWG Elevate Inc. acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at about $204,000. Assenagon Asset Management S.A. increased its stake in Martin Marietta Materials by 23.4% in the third quarter. Assenagon Asset Management S.A. now owns 30,533 shares of the construction company’s stock valued at $19,244,000 after acquiring an additional 5,797 shares during the period. Finally, Oak Thistle LLC acquired a new position in Martin Marietta Materials in the third quarter worth about $483,000. 95.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MLM has been the topic of a number of recent research reports. Barclays lifted their price objective on Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Morgan Stanley boosted their price target on Martin Marietta Materials from $660.00 to $690.00 and gave the company an “overweight” rating in a research note on Monday. Stifel Nicolaus increased their price objective on Martin Marietta Materials from $637.00 to $681.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Raymond James Financial boosted their target price on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen cut shares of Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $652.19.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM opened at $632.52 on Tuesday. The business has a fifty day moving average of $618.44 and a 200-day moving average of $600.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.07 and a current ratio of 2.97. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $665.18. The firm has a market cap of $38.15 billion, a PE ratio of 33.34 and a beta of 1.16.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $2.06 billion. Martin Marietta Materials had a return on equity of 11.68% and a net margin of 17.34%. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Martin Marietta Materials’s payout ratio is 17.50%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.