Russell Investments Group Ltd. Purchases 1,236 Shares of Martin Marietta Materials, Inc. $MLM

Russell Investments Group Ltd. increased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 85,879 shares of the construction company’s stock after acquiring an additional 1,236 shares during the quarter. Russell Investments Group Ltd.’s holdings in Martin Marietta Materials were worth $54,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MLM. Integrated Wealth Concepts LLC increased its stake in shares of Martin Marietta Materials by 6.6% in the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock worth $379,000 after purchasing an additional 49 shares in the last quarter. Empowered Funds LLC lifted its stake 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 buying an additional 144 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Martin Marietta Materials by 11.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after buying an additional 51 shares during the period. First Horizon Advisors Inc. grew its stake in Martin Marietta Materials by 30.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 112 shares of the construction company’s stock valued at $61,000 after buying an additional 26 shares in the last quarter. Finally, Aviva PLC grew its stake in Martin Marietta Materials by 6.5% in the 2nd quarter. Aviva PLC now owns 45,475 shares of the construction company’s stock valued at $24,964,000 after buying an additional 2,771 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Stock Down 0.8%

MLM opened at $607.49 on Wednesday. The firm has a market capitalization of $36.64 billion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $710.97. The company has a fifty day moving average price of $656.48 and a 200-day moving average price of $633.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.57 and a quick ratio of 2.36.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Wednesday, February 11th. The construction company reported $4.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $4.79 EPS. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd will be issued a $0.83 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 17.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MLM shares. Weiss Ratings downgraded Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. Stephens reduced their price target on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Wells Fargo & Company decreased their price objective on Martin Marietta Materials from $631.00 to $612.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 12th. Morgan Stanley dropped their price objective on Martin Marietta Materials from $706.00 to $702.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Zacks Research lowered Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $696.88.

Martin Marietta Materials Company 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.