569 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 569 shares of the construction company's stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also made changes to their positions in MLM. Harvey Capital Management Inc. boosted its position in shares of Martin Marietta Materials by 10.2% in the 1st quarter. Harvey Capital Management Inc. now owns 15,308 shares of the construction company's stock valued at $7,319,000 after purchasing an additional 1,422 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Martin Marietta Materials by 12.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 200,340 shares of the construction company's stock valued at $95,115,000 after purchasing an additional 22,816 shares during the period. Brown Advisory Inc. boosted its position in shares of Martin Marietta Materials by 23.4% in the 1st quarter. Brown Advisory Inc. now owns 6,592 shares of the construction company's stock valued at $3,152,000 after purchasing an additional 1,252 shares during the period. Washington Trust Bank boosted its position in shares of Martin Marietta Materials by 1.3% in the 1st quarter. Washington Trust Bank now owns 11,756 shares of the construction company's stock valued at $5,621,000 after purchasing an additional 151 shares during the period. Finally, Hendley & Co. Inc. acquired a new stake in shares of Martin Marietta Materials in the 1st quarter valued at about $3,457,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on Martin Marietta Materials in a research report on Monday, June 16th. They issued a "sector perform" rating and a $515.00 target price for the company. Stifel Nicolaus upped their target price 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. Morgan Stanley upped their target price on Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Seaport Res Ptn raised Martin Marietta Materials to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Wall Street Zen downgraded Martin Marietta Materials from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $603.86.

Martin Marietta Materials Stock Performance

Shares of MLM stock traded down $3.01 during trading hours on Friday, reaching $561.37. 269,548 shares of the company's stock were exchanged, compared to its average volume of 476,934. The company has a market cap of $33.84 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 5.10 and a beta of 0.87. The company's 50 day moving average is $551.11 and its two-hundred day moving average is $520.92. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $633.23. 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 (NYSE:MLM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.88 by $0.02. The business had revenue of $1.35 billion during 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 for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 EPS. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, June 2nd. Martin Marietta Materials's dividend payout ratio (DPR) 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.