Stephens Inc. AR Raises Stock Holdings in Martin Marietta Materials, Inc. $MLM

Stephens Inc. AR boosted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 9.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,111 shares of the construction company’s stock after purchasing an additional 4,785 shares during the quarter. Stephens Inc. AR’s holdings in Martin Marietta Materials were worth $33,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Martin Marietta Materials by 51.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,448,928 shares of the construction company’s stock worth $1,524,853,000 after buying an additional 836,120 shares during the last quarter. Bank of America Corp DE boosted its stake in Martin Marietta Materials by 1.1% in the third quarter. Bank of America Corp DE now owns 2,365,832 shares of the construction company’s stock valued at $1,491,136,000 after acquiring an additional 25,155 shares in the last quarter. Geode Capital Management LLC boosted its stake in Martin Marietta Materials by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,553,364 shares of the construction company’s stock valued at $963,406,000 after acquiring an additional 10,743 shares in the last quarter. Morgan Stanley grew its holdings in Martin Marietta Materials by 5.3% in the fourth quarter. Morgan Stanley now owns 1,367,016 shares of the construction company’s stock worth $851,188,000 after purchasing an additional 68,382 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Martin Marietta Materials by 9.3% in the fourth quarter. Invesco Ltd. now owns 769,904 shares of the construction company’s stock worth $479,389,000 after purchasing an additional 65,623 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Trading Up 0.1%

NYSE:MLM opened at $599.97 on Monday. The company has a market capitalization of $36.03 billion, a P/E ratio of 14.30, a PEG ratio of 2.55 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. The firm has a fifty day simple moving average of $584.98 and a 200-day simple moving average of $616.79.

Martin Marietta Materials (NYSE:MLM) last issued 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. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $1.90 EPS. On average, equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.38 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st were issued a $0.83 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is currently 7.91%.

Wall Street Analyst Weigh In

Several analysts have recently commented on MLM shares. Wall Street Zen upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada dropped their target price on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating on the stock in a research note on Monday, May 4th. Morgan Stanley reduced their target price 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. Oppenheimer started coverage on Martin Marietta Materials in a research note on Thursday, May 28th. They issued a “market perform” rating for the company. Finally, Weiss Ratings raised Martin Marietta Materials from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 25th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.