United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 17,159 Shares of Martin Marietta Materials, Inc. $MLM

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 124.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,954 shares of the construction company’s stock after purchasing an additional 17,159 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Martin Marietta Materials were worth $19,274,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MLM. Integrated Wealth Concepts LLC lifted its holdings in shares of Martin Marietta Materials by 6.6% in the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock valued at $379,000 after purchasing an additional 49 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Martin Marietta Materials by 11.4% in the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock valued at $673,000 after purchasing an additional 144 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Martin Marietta Materials by 11.1% in the second quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock valued at $280,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 205.9% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company’s stock valued at $143,000 after purchasing an additional 175 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in shares of Martin Marietta Materials by 22.6% in the second quarter. Cresset Asset Management LLC now owns 777 shares of the construction company’s stock valued at $427,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $575.01 on Friday. 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 business has a fifty day simple moving average of $590.65 and a two-hundred day simple moving average of $621.38. Martin Marietta Materials, Inc. has a 1 year low of $525.38 and a 1 year high of $710.97. The company has a market capitalization of $34.53 billion, a P/E ratio of 13.70, a P/E/G ratio of 2.08 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $1.90 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts expect that Martin Marietta Materials, Inc. will post 19.32 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 7.91%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stephens dropped their target price on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Truist Financial lifted their price target on Martin Marietta Materials from $710.00 to $730.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Royal Bank Of Canada dropped their price target on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating on the stock in a report on Monday, May 4th. UBS Group set a $739.00 price target on Martin Marietta Materials in a report on Sunday, May 10th. Finally, Citigroup dropped their price target on 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 analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $689.81.

Martin Marietta Materials 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.