Arkadios Wealth Advisors Buys 1,264 Shares of Martin Marietta Materials, Inc. $MLM

Arkadios Wealth Advisors grew its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 64.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,220 shares of the construction company’s stock after purchasing an additional 1,264 shares during the period. Arkadios Wealth Advisors’ holdings in Martin Marietta Materials were worth $2,030,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Atika Capital Management LLC lifted its stake in Martin Marietta Materials by 30.4% in the second quarter. Atika Capital Management LLC now owns 72,533 shares of the construction company’s stock worth $39,818,000 after purchasing an additional 16,900 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Martin Marietta Materials by 78.5% in the third quarter. HB Wealth Management LLC now owns 8,008 shares of the construction company’s stock worth $5,048,000 after buying an additional 3,522 shares during the period. Fenimore Asset Management Inc raised its holdings in shares of Martin Marietta Materials by 0.9% in the third quarter. Fenimore Asset Management Inc now owns 89,657 shares of the construction company’s stock worth $56,509,000 after buying an additional 807 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Martin Marietta Materials by 31.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,365 shares of the construction company’s stock worth $2,988,000 after acquiring an additional 1,287 shares during the last quarter. Finally, Tableaux LLC purchased a new position in Martin Marietta Materials during the 2nd quarter valued at $5,060,000. 95.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen lowered Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Stifel Nicolaus raised 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. DA Davidson reiterated a “neutral” rating and set a $690.00 price objective on shares of Martin Marietta Materials in a report on Wednesday, January 14th. Raymond James Financial upped their target price on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Finally, Jefferies Financial Group raised their target price on shares of Martin Marietta Materials from $725.00 to $730.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $670.63.

Martin Marietta Materials Stock Up 1.7%

Shares of Martin Marietta Materials stock opened at $652.20 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.07. The stock has a market cap of $39.33 billion, a price-to-earnings ratio of 34.38 and a beta of 1.15. The firm’s 50-day moving average is $628.48 and its two-hundred day moving average is $614.43. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $668.83.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing the consensus estimate 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. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

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

Martin Marietta Materials 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.