Mather Group LLC. Boosts Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Mather Group LLC. boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 65.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 278 shares of the construction company’s stock after buying an additional 110 shares during the quarter. Mather Group LLC.’s holdings in Martin Marietta Materials were worth $133,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MLM. Jones Financial Companies Lllp lifted its stake in shares of Martin Marietta Materials by 48.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,178 shares of the construction company’s stock worth $609,000 after purchasing an additional 386 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Martin Marietta Materials by 64.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company’s stock worth $1,047,000 after purchasing an additional 796 shares during the period. Keybank National Association OH lifted its stake in shares of Martin Marietta Materials by 5.0% during the 4th quarter. Keybank National Association OH now owns 2,637 shares of the construction company’s stock worth $1,362,000 after purchasing an additional 126 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Martin Marietta Materials by 5.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,778 shares of the construction company’s stock worth $918,000 after purchasing an additional 89 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Martin Marietta Materials by 3.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,391 shares of the construction company’s stock worth $719,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 0.1%

Shares of NYSE MLM opened at $557.89 on Friday. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $633.23. The company has a market cap of $33.63 billion, a P/E ratio of 32.14, a P/E/G ratio of 5.07 and a beta of 0.87. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average price of $546.78 and a 200 day moving average price of $519.95.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Martin Marietta Materials had a net margin of 16.07% and a return on equity of 12.01%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.93 EPS. Research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.57%. Martin Marietta Materials’s payout ratio is 18.20%.

Analysts Set New Price Targets

A number of research analysts have weighed in on MLM shares. Seaport Res Ptn raised Martin Marietta Materials to a “strong-buy” rating in a research note on Friday, March 21st. Morgan Stanley increased their price target on Martin Marietta Materials from $561.00 to $576.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Loop Capital dropped their price objective on Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Wall Street Zen downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Finally, Raymond James Financial dropped their price objective on Martin Marietta Materials from $600.00 to $597.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $603.86.

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.