Martin Marietta Materials, Inc. $MLM Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,222 shares of the construction company’s stock after purchasing an additional 806 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Martin Marietta Materials were worth $12,746,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MLM. Integrated Wealth Concepts LLC grew its stake in Martin Marietta Materials by 6.6% during the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock worth $379,000 after buying an additional 49 shares during the period. Empowered Funds LLC lifted its holdings in shares of Martin Marietta Materials by 11.4% during the 1st quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock valued at $673,000 after acquiring an additional 144 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Martin Marietta Materials by 11.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after purchasing an additional 51 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Martin Marietta Materials by 32.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,811 shares of the construction company’s stock valued at $3,800,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Martin Marietta Materials by 16.5% in the second quarter. Farther Finance Advisors LLC now owns 493 shares of the construction company’s stock valued at $270,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MLM. Citigroup increased their target price on Martin Marietta Materials from $754.00 to $758.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. increased their price objective on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Morgan Stanley boosted their target price on shares of Martin Marietta Materials from $660.00 to $690.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Jefferies Financial Group raised their price target on shares of Martin Marietta Materials from $725.00 to $730.00 and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Stifel Nicolaus boosted their price objective on shares of Martin Marietta Materials from $637.00 to $681.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $670.63.

Martin Marietta Materials Price Performance

Shares of MLM stock opened at $649.36 on Friday. The firm has a fifty day moving average of $629.55 and a two-hundred day moving average of $615.08. The firm has a market cap of $39.16 billion, a P/E ratio of 34.23 and a beta of 1.15. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $668.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.07.

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

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were paid a dividend of $0.83 per share. The ex-dividend date was Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s payout ratio is presently 17.50%.

About Martin Marietta Materials

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.