GDS Wealth Management Increases Position in Martin Marietta Materials, Inc. (NYSE:MLM)

GDS Wealth Management lifted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 57.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,942 shares of the construction company’s stock after purchasing an additional 2,170 shares during the period. GDS Wealth Management’s holdings in Martin Marietta Materials were worth $3,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of Martin Marietta Materials by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after purchasing an additional 506,705 shares in the last quarter. FMR LLC increased its stake in Martin Marietta Materials by 15.3% during the 3rd quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock worth $1,353,936,000 after buying an additional 334,605 shares in the last quarter. Principal Financial Group Inc. increased 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 worth $876,648,000 after buying an additional 704,460 shares in the last quarter. Franklin Resources Inc. increased its stake in Martin Marietta Materials by 1.9% during the 3rd quarter. Franklin Resources Inc. now owns 534,801 shares of the construction company’s stock worth $295,397,000 after buying an additional 9,908 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in 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 worth $251,784,000 after buying an additional 164,503 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Trading Down 1.4 %

MLM opened at $536.39 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The business’s 50 day moving average price is $546.41 and its 200 day moving average price is $550.93. Martin Marietta Materials, Inc. has a one year low of $490.05 and a one year high of $633.23. The stock has a market capitalization of $32.78 billion, a PE ratio of 16.72, a P/E/G ratio of 4.60 and a beta of 0.91.

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.85%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. BNP Paribas lowered Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. UBS Group started coverage on Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. Raymond James lowered their target price 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. Finally, Morgan Stanley lowered their target price on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $648.71.

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.