Mcdaniel Terry & Co. Makes New Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

Mcdaniel Terry & Co. acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 540 shares of the construction company's stock, valued at approximately $258,000.

A number of other hedge funds also recently modified their holdings of MLM. OneDigital Investment Advisors LLC increased its stake in shares of Martin Marietta Materials by 1.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $527,000 after purchasing an additional 19 shares during the last quarter. Signaturefd LLC grew its position in Martin Marietta Materials by 2.6% in the fourth quarter. Signaturefd LLC now owns 835 shares of the construction company's stock valued at $431,000 after acquiring an additional 21 shares during the last quarter. Net Worth Advisory Group grew its position in Martin Marietta Materials by 2.2% in the first quarter. Net Worth Advisory Group now owns 993 shares of the construction company's stock valued at $475,000 after acquiring an additional 21 shares during the last quarter. PDS Planning Inc raised its stake in Martin Marietta Materials by 4.9% during the first quarter. PDS Planning Inc now owns 452 shares of the construction company's stock worth $216,000 after acquiring an additional 21 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in shares of Martin Marietta Materials by 3.5% in the first quarter. Financial Management Professionals Inc. now owns 652 shares of the construction company's stock worth $312,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Wall Street Analyst Weigh In

MLM has been the subject of a number of research analyst reports. Royal Bank Of Canada began coverage on shares of Martin Marietta Materials in a research report on Monday, June 16th. They set a "sector perform" rating and a $515.00 price objective for the company. Loop Capital decreased their price objective on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley boosted their target price on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Seaport Res Ptn raised shares of Martin Marietta Materials to a "strong-buy" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. lowered Martin Marietta Materials from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $640.00 to $560.00 in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $603.86.

Martin Marietta Materials Stock Up 1.6%

Shares of Martin Marietta Materials stock traded up $8.89 during midday trading on Tuesday, hitting $557.85. The company had a trading volume of 458,306 shares, compared to its average volume of 484,174. The stock has a market capitalization of $33.63 billion, a P/E ratio of 32.13, a P/E/G ratio of 4.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 2.25. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The company has a 50 day moving average of $542.23 and a 200 day moving average of $519.36.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.36 billion. Martin Marietta Materials had a net margin of 16.07% and a return on equity of 12.01%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 EPS. On average, equities analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, June 2nd. Martin Marietta Materials's payout ratio is 18.20%.

About Martin Marietta Materials

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.