North Dakota State Investment Board Makes New $1.28 Million Investment in Martin Marietta Materials, Inc. $MLM

North Dakota State Investment Board purchased a new position in Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,056 shares of the construction company’s stock, valued at approximately $1,280,000.

Other large investors have also bought and sold shares of the company. Optima Capital LLC acquired a new stake in Martin Marietta Materials in the fourth quarter worth $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Martin Marietta Materials in the third quarter worth $27,000. Redmont Wealth Advisors LLC acquired a new stake in Martin Marietta Materials in the third quarter worth $32,000. Grey Fox Wealth Advisors LLC acquired a new stake in Martin Marietta Materials in the third quarter worth $33,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Martin Marietta Materials during the fourth quarter valued at about $36,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. DA Davidson set a $680.00 target price on shares of Martin Marietta Materials in a research report on Thursday, February 12th. Jefferies Financial Group reissued a “buy” rating and set a $785.00 target price on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Zacks Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Loop Capital downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 target price for the company. in a research report on Wednesday, January 28th. Finally, Weiss Ratings raised shares of Martin Marietta Materials from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $689.81.

Martin Marietta Materials Stock Down 4.0%

Martin Marietta Materials stock opened at $533.45 on Wednesday. Martin Marietta Materials, Inc. has a fifty-two week low of $525.38 and a fifty-two week high of $710.97. The stock has a market cap of $32.03 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.13. The firm’s 50-day simple moving average is $596.46 and its 200 day simple moving average is $624.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Research analysts predict that Martin Marietta Materials, Inc. will post 19.32 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be issued a dividend of $0.83 per share. The ex-dividend date is Monday, June 1st. This represents a $3.32 annualized dividend and a yield of 0.6%. Martin Marietta Materials’s payout ratio is 7.91%.

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.