Brown Advisory Inc. Acquires 1,252 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Brown Advisory Inc. grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 23.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,592 shares of the construction company's stock after buying an additional 1,252 shares during the quarter. Brown Advisory Inc.'s holdings in Martin Marietta Materials were worth $3,152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MLM. Washington Trust Bank boosted its holdings in Martin Marietta Materials by 1.3% in the first quarter. Washington Trust Bank now owns 11,756 shares of the construction company's stock valued at $5,621,000 after acquiring an additional 151 shares during the last quarter. Hendley & Co. Inc. bought a new position in Martin Marietta Materials during the first quarter worth about $3,457,000. Chilton Capital Management LLC bought a new position in Martin Marietta Materials during the first quarter worth about $30,000. Wayfinding Financial LLC bought a new position in Martin Marietta Materials during the first quarter worth about $29,000. Finally, Impax Asset Management Group plc boosted its holdings in Martin Marietta Materials by 3.5% during the first quarter. Impax Asset Management Group plc now owns 2,102 shares of the construction company's stock worth $1,005,000 after buying an additional 72 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank Of Canada assumed coverage on Martin Marietta Materials in a report on Monday, June 16th. They set a "sector perform" rating and a $515.00 target price on the stock. Raymond James Financial reduced their target price on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a report on Friday, March 21st. Stifel Nicolaus raised their target price on Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Loop Capital dropped their price target on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $603.86.

Martin Marietta Materials Stock Down 0.5%

Shares of Martin Marietta Materials stock traded down $3.01 on Friday, reaching $561.37. 269,548 shares of the company were exchanged, compared to its average volume of 476,934. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $633.23. The company has a market capitalization of $33.84 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 5.10 and a beta of 0.87. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $551.11 and a 200 day moving average of $521.00.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data 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. Martin Marietta Materials had a return on equity of 12.01% and a net margin of 16.07%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The business's revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently disclosed 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 was Monday, June 2nd. Martin Marietta Materials's dividend payout ratio is currently 18.20%.

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.