Jefferies Financial Group Inc. Purchases 3,208 Shares of Martin Marietta Materials, Inc. $MLM

Jefferies Financial Group Inc. boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 577.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,764 shares of the construction company’s stock after acquiring an additional 3,208 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Martin Marietta Materials were worth $2,344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MLM. Optima Capital LLC bought a new stake in Martin Marietta Materials during the fourth quarter worth $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in Martin Marietta Materials during the third quarter worth $27,000. Redmont Wealth Advisors LLC bought a new stake in Martin Marietta Materials during the third quarter worth $32,000. Union Bancaire Privee UBP SA bought a new stake in Martin Marietta Materials during the fourth quarter worth $36,000. Finally, Osterweis Capital Management Inc. bought a new stake in Martin Marietta Materials during the second quarter worth $37,000. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $561.20 on Wednesday. Martin Marietta Materials, Inc. has a one year low of $525.38 and a one year high of $710.97. The company has a market cap of $33.70 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.94 and a beta of 1.13. The firm’s fifty day moving average price is $591.02 and its two-hundred day moving average price is $621.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, beating 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 firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts expect that Martin Marietta Materials, Inc. will post 19.32 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be paid a $0.83 dividend. The ex-dividend date 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 is 7.91%.

Analyst Ratings Changes

Several equities analysts have commented on MLM shares. Weiss Ratings upgraded shares of Martin Marietta Materials from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Barclays decreased their price objective on shares of Martin Marietta Materials from $675.00 to $640.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Loop Capital downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective on the stock. in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Truist Financial upped their price objective on shares of Martin Marietta Materials from $710.00 to $730.00 and gave the company a “buy” rating in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $689.81.

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.