GDS Wealth Management Boosts Position in Martin Marietta Materials, Inc. $MLM

GDS Wealth Management increased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 13.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,756 shares of the construction company’s stock after acquiring an additional 2,135 shares during the quarter. GDS Wealth Management’s holdings in Martin Marietta Materials were worth $11,191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MLM. GHP Investment Advisors Inc. grew its position in shares of Martin Marietta Materials by 4.2% during the 3rd quarter. GHP Investment Advisors Inc. now owns 20,222 shares of the construction company’s stock valued at $12,746,000 after purchasing an additional 806 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Martin Marietta Materials by 3.5% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 23,600 shares of the construction company’s stock valued at $14,875,000 after buying an additional 800 shares during the period. UniSuper Management Pty Ltd grew its position in Martin Marietta Materials by 8.7% during the third quarter. UniSuper Management Pty Ltd now owns 6,345 shares of the construction company’s stock worth $3,999,000 after buying an additional 509 shares in the last quarter. FWG Holdings LLC purchased a new position in Martin Marietta Materials during the third quarter worth about $221,000. Finally, Woodard & Co. Asset Management Group Inc. ADV bought a new position in Martin Marietta Materials in the 3rd quarter worth about $202,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

MLM stock opened at $649.36 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.07 and a current ratio of 2.97. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $668.83. The firm’s fifty day moving average is $629.55 and its 200 day moving average is $615.47. The firm has a market cap of $39.16 billion, a P/E ratio of 34.23 and a beta of 1.15.

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

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Martin Marietta Materials’s payout ratio is 17.50%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MLM shares. Morgan Stanley boosted their price objective on Martin Marietta Materials from $660.00 to $690.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Stifel Nicolaus boosted their price target on shares of Martin Marietta Materials from $637.00 to $681.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Jefferies Financial Group increased their price target on shares of Martin Marietta Materials from $725.00 to $730.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Wells Fargo & Company lowered their price objective on shares of Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $670.63.

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.