540 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Purchased by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 540 shares of the construction company's stock, valued at approximately $258,000.

Other institutional investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter worth about $235,000. Waverly Advisors LLC lifted its stake in Martin Marietta Materials by 78.9% in the fourth quarter. Waverly Advisors LLC now owns 1,041 shares of the construction company's stock valued at $538,000 after buying an additional 459 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Martin Marietta Materials by 23.0% in the first quarter. Exchange Traded Concepts LLC now owns 454 shares of the construction company's stock valued at $217,000 after buying an additional 85 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Martin Marietta Materials by 64.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company's stock valued at $1,047,000 after buying an additional 796 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Martin Marietta Materials by 5.0% during the first quarter. Fifth Third Bancorp now owns 7,357 shares of the construction company's stock worth $3,518,000 after purchasing an additional 352 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock opened at $550.34 on Friday. The stock's 50-day moving average is $539.84 and its 200-day moving average is $520.01. The company has a market cap of $33.17 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 4.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 0.99. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.88 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Martin Marietta Materials had a return on equity of 12.01% and a net margin of 16.07%. The company's revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $1.93 EPS. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, June 2nd. This represents a $3.16 annualized dividend and a yield of 0.57%. Martin Marietta Materials's dividend payout ratio is presently 18.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MLM shares. Raymond James Financial cut their price target on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Stifel Nicolaus raised their price target on Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a research report on Friday, March 21st. Morgan Stanley increased their price objective on Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Loop Capital decreased their price objective on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $603.86.

Martin Marietta Materials Company Profile

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.

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