Russell Investments Group Ltd. Has $54.07 Million Stock Holdings in Martin Marietta Materials, Inc. $MLM

Russell Investments Group Ltd. raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,879 shares of the construction company’s stock after purchasing an additional 1,236 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Martin Marietta Materials worth $54,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Quent Capital LLC bought a new position in Martin Marietta Materials during the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Martin Marietta Materials in the 2nd quarter worth $28,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the third quarter valued at about $32,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the third quarter valued at about $33,000. Finally, Clearstead Trust LLC lifted its position in shares of Martin Marietta Materials by 93.8% during the second quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock valued at $34,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Martin Marietta Materials from $631.00 to $612.00 and set an “equal weight” rating for the company in a research report on Thursday, February 12th. DA Davidson set a $680.00 target price on shares of Martin Marietta Materials in a research report on Thursday, February 12th. Citigroup boosted their target price on Martin Marietta Materials from $780.00 to $804.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. B. Riley Financial started coverage on Martin Marietta Materials in a report on Thursday, January 15th. They issued a “neutral” rating and a $700.00 target price for the company. Finally, Truist Financial set a $710.00 price target on Martin Marietta Materials in a report on Thursday, February 12th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $696.88.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $607.49 on Wednesday. The company has a market capitalization of $36.64 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.36 and a current ratio of 3.57. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $710.97. The company has a 50-day simple moving average of $656.48 and a 200 day simple moving average of $633.23.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm earned $4.79 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be paid a $0.83 dividend. The ex-dividend date is Monday, March 2nd. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is presently 17.66%.

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.