Lazard Freres Gestion S.A.S. Purchases 27,839 Shares of Martin Marietta Materials, Inc. $MLM

Lazard Freres Gestion S.A.S. lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 52.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,029 shares of the construction company’s stock after acquiring an additional 27,839 shares during the quarter. Lazard Freres Gestion S.A.S. owned approximately 0.13% of Martin Marietta Materials worth $50,453,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC grew its stake in shares of Martin Marietta Materials by 3.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company’s stock worth $264,000 after acquiring an additional 16 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Martin Marietta Materials by 2.9% in the 3rd quarter. Ritholtz Wealth Management now owns 646 shares of the construction company’s stock worth $407,000 after acquiring an additional 18 shares in the last quarter. Fiduciary Alliance LLC grew its stake in shares of Martin Marietta Materials by 2.6% in the 4th quarter. Fiduciary Alliance LLC now owns 702 shares of the construction company’s stock worth $437,000 after acquiring an additional 18 shares in the last quarter. Vise Technologies Inc. grew its stake in shares of Martin Marietta Materials by 2.5% in the 3rd quarter. Vise Technologies Inc. now owns 731 shares of the construction company’s stock worth $461,000 after acquiring an additional 18 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its stake in shares of Martin Marietta Materials by 1.9% in the 2nd quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company’s stock worth $533,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $533.45 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 2.28 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $32.03 billion, a PE ratio of 12.71, a P/E/G ratio of 2.01 and a beta of 1.13. Martin Marietta Materials, Inc. has a twelve month low of $525.38 and a twelve month high of $710.97. The company has a 50-day moving average price of $596.46 and a two-hundred day moving average price of $624.44.

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

Martin Marietta Materials Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MLM shares. Raymond James Financial set a $690.00 target price on shares of Martin Marietta Materials in a research note on Monday, April 27th. Truist Financial boosted their price target on shares of Martin Marietta Materials from $710.00 to $730.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Weiss Ratings raised shares of Martin Marietta Materials from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday. Jefferies Financial Group reissued a “buy” rating and issued a $785.00 price target on shares of Martin Marietta Materials in a report on Thursday, February 26th. Finally, Citigroup cut their price target on shares of Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and an average 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.