Patron Partners LLC Purchases 81 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Patron Partners LLC lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 616 shares of the construction company’s stock after buying an additional 81 shares during the period. Patron Partners LLC’s holdings in Martin Marietta Materials were worth $318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Martin Marietta Materials by 76.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock valued at $876,648,000 after buying an additional 704,460 shares during the last quarter. JPMorgan Chase & Co. increased its position in Martin Marietta Materials by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after acquiring an additional 506,705 shares during the last quarter. FMR LLC increased its position in Martin Marietta Materials by 15.3% during the third quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock valued at $1,353,936,000 after acquiring an additional 334,605 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Martin Marietta Materials by 7,608.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 181,373 shares of the construction company’s stock valued at $97,624,000 after purchasing an additional 179,020 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its position in shares of Martin Marietta Materials by 54.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock valued at $251,784,000 after purchasing an additional 164,503 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $515.00 to $640.00 in a research note on Wednesday, November 27th. Morgan Stanley lowered their target price on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Raymond James decreased their price target on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. BNP Paribas lowered Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Barclays boosted their price target on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials Stock Down 1.4 %

Shares of MLM opened at $536.39 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a 52-week low of $490.05 and a 52-week high of $633.23. The company has a market cap of $32.78 billion, a PE ratio of 16.72, a P/E/G ratio of 4.60 and a beta of 0.91. The business has a fifty day moving average of $546.41 and a 200 day moving average of $550.93.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were issued a dividend of $0.79 per share. The ex-dividend date was Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 0.59%. Martin Marietta Materials’s payout ratio 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.