Martin Marietta Materials, Inc. $MLM Shares Purchased by National Pension Service

National Pension Service grew its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 4.5% in the 4th quarter, Holdings Channel reports. The fund owned 88,607 shares of the construction company’s stock after acquiring an additional 3,787 shares during the period. National Pension Service’s holdings in Martin Marietta Materials were worth $55,172,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC grew its stake in shares of Martin Marietta Materials by 3.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company’s stock valued at $264,000 after acquiring an additional 16 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Martin Marietta Materials by 31.4% during the fourth quarter. Harbour Investments Inc. now owns 67 shares of the construction company’s stock valued at $42,000 after acquiring an additional 16 shares in the last quarter. Fiduciary Alliance LLC grew its stake in shares of Martin Marietta Materials by 2.6% during the fourth quarter. Fiduciary Alliance LLC now owns 702 shares of the construction company’s stock valued at $437,000 after acquiring an additional 18 shares in the last quarter. Vise Technologies Inc. grew its stake in shares of Martin Marietta Materials by 2.5% during the third quarter. Vise Technologies Inc. now owns 731 shares of the construction company’s stock valued at $461,000 after acquiring an additional 18 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its stake in shares of Martin Marietta Materials by 1.9% during the second quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company’s stock valued at $533,000 after acquiring an additional 18 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $582.80 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. Martin Marietta Materials, Inc. has a one year low of $525.38 and a one year high of $710.97. The company’s 50-day simple moving average is $590.95 and its 200-day simple moving average is $621.11. The stock has a market capitalization of $35.00 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.11 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company posted $1.90 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 7.91%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MLM. Stephens lowered their target price on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Wells Fargo & Company raised their target price on Martin Marietta Materials from $608.00 to $614.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. DA Davidson set a $680.00 target price on Martin Marietta Materials in a research note on Thursday, February 12th. UBS Group set a $739.00 target price on Martin Marietta Materials in a research note on Sunday, May 10th. Finally, Zacks Research upgraded Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $689.81.

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.