Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Cwm LLC

Cwm LLC lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM – Get Rating) by 21.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 858 shares of the construction company’s stock after purchasing an additional 152 shares during the quarter. Cwm LLC’s holdings in Martin Marietta Materials were worth $276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kentucky Retirement Systems grew its stake in shares of Martin Marietta Materials by 16.4% during the 2nd quarter. Kentucky Retirement Systems now owns 4,629 shares of the construction company’s stock worth $1,385,000 after purchasing an additional 653 shares during the period. Arizona State Retirement System grew its stake in Martin Marietta Materials by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 17,414 shares of the construction company’s stock valued at $5,211,000 after acquiring an additional 50 shares during the period. CAPROCK Group Inc. grew its stake in Martin Marietta Materials by 3.5% in the 2nd quarter. CAPROCK Group Inc. now owns 1,222 shares of the construction company’s stock valued at $366,000 after acquiring an additional 41 shares during the period. Transcend Capital Advisors LLC acquired a new stake in Martin Marietta Materials in the 3rd quarter valued at $234,000. Finally, Natixis Advisors L.P. grew its stake in Martin Marietta Materials by 0.6% in the 2nd quarter. Natixis Advisors L.P. now owns 17,148 shares of the construction company’s stock valued at $5,131,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 93.07% of the company’s stock.

Martin Marietta Materials Stock Up 1.1 %

NYSE MLM opened at $355.37 on Friday. Martin Marietta Materials, Inc. has a 52 week low of $284.99 and a 52 week high of $409.73. The company has a quick ratio of 1.43, a current ratio of 2.01 and a debt-to-equity ratio of 0.63. The business’s fifty day simple moving average is $351.53 and its 200-day simple moving average is $339.61. The firm has a market cap of $22.06 billion, a PE ratio of 26.46, a P/E/G ratio of 1.62 and a beta of 0.88.

Martin Marietta Materials (NYSE:MLM – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The construction company reported $4.69 EPS for the quarter, missing the consensus estimate of $4.74 by ($0.05). Martin Marietta Materials had a return on equity of 11.43% and a net margin of 13.59%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. As a group, equities analysts anticipate that Martin Marietta Materials, Inc. will post 12.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 1st were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, November 30th. Martin Marietta Materials’s payout ratio is 19.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MLM shares. Morgan Stanley cut shares of Martin Marietta Materials from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $409.00 to $399.00 in a research note on Wednesday, December 14th. JPMorgan Chase & Co. dropped their price target on shares of Martin Marietta Materials from $410.00 to $395.00 in a research note on Thursday, December 8th. Raymond James dropped their price target on shares of Martin Marietta Materials from $410.00 to $380.00 in a research note on Sunday, November 6th. Stifel Nicolaus raised their price objective on Martin Marietta Materials from $400.00 to $405.00 and gave the company a “buy” rating in a report on Monday, December 19th. Finally, Exane BNP Paribas upgraded Martin Marietta Materials from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 20th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $400.30.

Martin Marietta Materials Profile

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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.