Border to Coast Pensions Partnership Ltd Purchases New Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Border to Coast Pensions Partnership Ltd acquired a new position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 68,411 shares of the construction company's stock, valued at approximately $32,709,000. Border to Coast Pensions Partnership Ltd owned about 0.11% of Martin Marietta Materials at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Checchi Capital Advisers LLC lifted its stake in shares of Martin Marietta Materials by 1.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock valued at $690,000 after acquiring an additional 19 shares during the period. OneDigital Investment Advisors LLC increased its position in Martin Marietta Materials by 1.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock worth $527,000 after purchasing an additional 19 shares during the period. Signaturefd LLC raised its holdings in Martin Marietta Materials by 2.6% during the 4th quarter. Signaturefd LLC now owns 835 shares of the construction company's stock worth $431,000 after purchasing an additional 21 shares during the last quarter. Net Worth Advisory Group lifted its position in Martin Marietta Materials by 2.2% during the 1st quarter. Net Worth Advisory Group now owns 993 shares of the construction company's stock valued at $475,000 after purchasing an additional 21 shares during the period. Finally, PDS Planning Inc boosted its stake in shares of Martin Marietta Materials by 4.9% in the 1st quarter. PDS Planning Inc now owns 452 shares of the construction company's stock valued at $216,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MLM shares. Stifel Nicolaus increased their price objective on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Morgan Stanley increased their price target 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. UBS Group raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $548.00 to $634.00 in a research note on Friday, May 16th. Royal Bank Of Canada began coverage on Martin Marietta Materials in a research note on Monday, June 16th. They issued a "sector perform" rating and a $515.00 target price on the stock. Finally, Loop Capital lowered their price target on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $603.86.

Martin Marietta Materials Price Performance

Shares of MLM opened at $541.99 on Friday. The firm has a market cap of $32.67 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 4.84 and a beta of 0.89. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The business's 50 day moving average price is $538.88 and its two-hundred day moving average price is $520.24. 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 (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 the consensus estimate of $1.88 by $0.02. Martin Marietta Materials had a net margin of 16.07% and a return on equity of 12.01%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned $1.93 earnings per share. Martin Marietta Materials's revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Monday, June 2nd. Martin Marietta Materials's payout ratio is 18.20%.

Martin Marietta Materials 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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