Northwestern Mutual Wealth Management Co. Buys 77,253 Shares of Martin Marietta Materials, Inc. $MLM

Northwestern Mutual Wealth Management Co. grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 14,332.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,792 shares of the construction company’s stock after buying an additional 77,253 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Martin Marietta Materials were worth $48,438,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC lifted its position in shares of Martin Marietta Materials by 3.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company’s stock valued at $264,000 after buying an additional 16 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Martin Marietta Materials by 2.9% in the third quarter. Ritholtz Wealth Management now owns 646 shares of the construction company’s stock valued at $407,000 after buying an additional 18 shares during the last quarter. Fiduciary Alliance LLC lifted its position in shares of Martin Marietta Materials by 2.6% in the fourth quarter. Fiduciary Alliance LLC now owns 702 shares of the construction company’s stock valued at $437,000 after buying an additional 18 shares during the last quarter. Vise Technologies Inc. lifted its position in shares of Martin Marietta Materials by 2.5% in the third quarter. Vise Technologies Inc. now owns 731 shares of the construction company’s stock valued at $461,000 after buying an additional 18 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its position in shares of Martin Marietta Materials by 1.9% in the second quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company’s stock valued at $533,000 after buying an additional 18 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $555.73 on Tuesday. Martin Marietta Materials, Inc. has a fifty-two week low of $532.80 and a fifty-two week high of $710.97. The business has a fifty day moving average price of $598.01 and a two-hundred day moving average price of $625.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11. The stock has a market capitalization of $33.37 billion, a PE ratio of 13.24, a P/E/G ratio of 2.02 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $1.90 EPS. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 19.32 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be paid a $0.83 dividend. The ex-dividend date is Monday, June 1st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 7.91%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research raised Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Loop Capital cut Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective for the company. in a research report on Wednesday, January 28th. B. Riley Financial raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective for the company in a research report on Thursday, April 2nd. Raymond James Financial set a $690.00 price objective on Martin Marietta Materials in a research report on Monday, April 27th. Finally, Wells Fargo & Company raised their price objective on Martin Marietta Materials from $608.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $689.81.

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.