81 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Purchased by Retirement Wealth Solutions LLC

Retirement Wealth Solutions LLC bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 81 shares of the construction company’s stock, valued at approximately $41,000.

A number of other large investors have also recently added to or reduced their stakes in MLM. Edgestream Partners L.P. acquired a new position in shares of Martin Marietta Materials in the 2nd quarter valued at $673,000. Mercer Global Advisors Inc. ADV lifted its position in Martin Marietta Materials by 239.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,152 shares of the construction company’s stock valued at $3,333,000 after buying an additional 4,337 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Martin Marietta Materials by 6.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,964 shares of the construction company’s stock worth $2,655,000 after buying an additional 284 shares during the period. Hsbc Holdings PLC increased its position in shares of Martin Marietta Materials by 20.0% during the second quarter. Hsbc Holdings PLC now owns 128,806 shares of the construction company’s stock valued at $69,839,000 after acquiring an additional 21,488 shares during the last quarter. Finally, XTX Topco Ltd increased its position in shares of Martin Marietta Materials by 66.4% during the second quarter. XTX Topco Ltd now owns 2,641 shares of the construction company’s stock valued at $1,431,000 after acquiring an additional 1,054 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $515.00 to $640.00 in a research report on Wednesday, November 27th. BNP Paribas lowered Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. UBS Group began coverage on shares of Martin Marietta Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price objective for the company. Citigroup cut their target price on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Raymond James decreased their price target on shares of Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $648.71.

Martin Marietta Materials Trading Up 2.3 %

Shares of Martin Marietta Materials stock opened at $543.33 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The business has a 50 day moving average price of $555.95 and a 200 day moving average price of $550.86. The company has a market capitalization of $33.21 billion, a P/E ratio of 16.93, a P/E/G ratio of 2.97 and a beta of 0.91. Martin Marietta Materials, Inc. has a 1 year low of $490.05 and a 1 year high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business earned $6.94 EPS. The firm’s revenue was down 5.3% on a year-over-year basis. Sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 17.6 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.85%.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.