Stephens Inc. AR Has $29.10 Million Holdings in Martin Marietta Materials, Inc. $MLM

Stephens Inc. AR lowered its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 4.5% in the third quarter, Holdings Channel.com reports. The firm owned 46,176 shares of the construction company’s stock after selling 2,201 shares during the period. Stephens Inc. AR’s holdings in Martin Marietta Materials were worth $29,104,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schear Investment Advisers LLC raised its stake in shares of Martin Marietta Materials by 0.6% in the third quarter. Schear Investment Advisers LLC now owns 2,731 shares of the construction company’s stock worth $1,721,000 after purchasing an additional 16 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Martin Marietta Materials by 10.4% during the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock worth $99,000 after buying an additional 17 shares in the last quarter. Daymark Wealth Partners LLC raised its position in Martin Marietta Materials by 3.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 448 shares of the construction company’s stock valued at $283,000 after buying an additional 17 shares during the last quarter. Snowden Capital Advisors LLC raised its position in Martin Marietta Materials by 1.9% in the 2nd quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company’s stock valued at $533,000 after buying an additional 18 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its stake in Martin Marietta Materials by 2.5% during the 2nd quarter. Personal CFO Solutions LLC now owns 787 shares of the construction company’s stock valued at $432,000 after acquiring an additional 19 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

MLM has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. 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 report on Tuesday, November 11th. Jefferies Financial Group upped their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Finally, Citigroup boosted their target price on Martin Marietta Materials from $754.00 to $758.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $668.67.

Martin Marietta Materials Price Performance

MLM opened at $666.39 on Wednesday. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $668.83. The firm has a 50-day moving average of $623.99 and a 200 day moving average of $610.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.07 and a current ratio of 2.97. The firm has a market cap of $40.19 billion, a P/E ratio of 35.13 and a beta of 1.15.

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

Martin Marietta Materials Dividend Announcement

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