GHP Investment Advisors Inc. Has $13.33 Million Stake in Martin Marietta Materials, Inc. $MLM

GHP Investment Advisors Inc. lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 7.6% during the first quarter, Holdings Channel.com reports. The firm owned 22,643 shares of the construction company’s stock after buying an additional 1,604 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Martin Marietta Materials were worth $13,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC grew its stake in shares of Martin Marietta Materials by 0.8% in the third quarter. Douglass Winthrop Advisors LLC now owns 232,234 shares of the construction company’s stock valued at $146,372,000 after acquiring an additional 1,939 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Martin Marietta Materials by 5.4% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 121,297 shares of the construction company’s stock worth $76,451,000 after purchasing an additional 6,209 shares in the last quarter. Camrose Capital Investment Partners LLP boosted its holdings in Martin Marietta Materials by 11.0% in the 3rd quarter. Camrose Capital Investment Partners LLP now owns 95,619 shares of the construction company’s stock valued at $60,267,000 after purchasing an additional 9,514 shares during the period. BNP Paribas Financial Markets grew its position in shares of Martin Marietta Materials by 141.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 117,872 shares of the construction company’s stock worth $74,292,000 after purchasing an additional 69,016 shares in the last quarter. Finally, Gradient Investments LLC grew its position in shares of Martin Marietta Materials by 9.7% during the 4th quarter. Gradient Investments LLC now owns 44,209 shares of the construction company’s stock worth $27,527,000 after purchasing an additional 3,903 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $628.56 on Friday. The firm has a 50 day moving average of $588.02 and a 200-day moving average of $618.21. The stock has a market capitalization of $37.74 billion, a PE ratio of 14.98, a PEG ratio of 2.62 and a beta of 1.10. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. Martin Marietta Materials, Inc. has a 12 month low of $525.38 and a 12 month high of $710.97.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly 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 company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 EPS. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.41 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 7.91%.

Analyst Ratings Changes

Several research analysts have recently commented on MLM shares. Wall Street Zen cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Morgan Stanley reduced their price target on Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Wells Fargo & Company raised their price objective on Martin Marietta Materials from $608.00 to $614.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Raymond James Financial set a $690.00 price objective on Martin Marietta Materials in a report on Monday, April 27th. Finally, Oppenheimer initiated coverage on Martin Marietta Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $681.94.

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.