Corient Private Wealth LLC Acquires 1,146 Shares of Martin Marietta Materials, Inc. $MLM

Corient Private Wealth LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,410 shares of the construction company’s stock after purchasing an additional 1,146 shares during the quarter. Corient Private Wealth LLC owned about 0.12% of Martin Marietta Materials worth $39,201,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in Martin Marietta Materials during the 2nd quarter worth about $28,000. NewSquare Capital LLC raised its stake in shares of Martin Marietta Materials by 62.2% in the second quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock worth $33,000 after acquiring an additional 23 shares during the last quarter. Clearstead Trust LLC lifted its position in shares of Martin Marietta Materials by 93.8% during the second quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock worth $34,000 after purchasing an additional 30 shares in the last quarter. Aspect Partners LLC grew its stake in shares of Martin Marietta Materials by 540.0% during the second quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock valued at $35,000 after purchasing an additional 54 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Martin Marietta Materials during the second quarter valued at approximately $37,000. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MLM shares. Jefferies Financial Group upped their price objective on Martin Marietta Materials from $725.00 to $730.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company cut their price target on Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. UBS Group raised their price target on Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a report on Friday, November 7th. Barclays boosted their price objective on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Raymond James Financial upped their target price on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $650.31.

Martin Marietta Materials Trading Down 0.7%

NYSE MLM opened at $629.43 on Wednesday. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $665.18. The stock has a 50-day simple moving average of $619.01 and a 200 day simple moving average of $597.81. The company has a current ratio of 2.97, a quick ratio of 2.07 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $37.96 billion, a PE ratio of 33.18 and a beta of 1.16.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.62 by ($0.65). The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.06 billion. Martin Marietta Materials had a return on equity of 11.68% and a net margin of 17.34%. Research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Martin Marietta Materials’s dividend payout ratio is presently 17.50%.

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.