Curated Wealth Partners LLC Buys New Shares in Martin Marietta Materials, Inc. (NYSE:MLM)

Curated Wealth Partners LLC purchased a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,313 shares of the construction company's stock, valued at approximately $628,000.

Other large investors have also made changes to their positions in the company. Checchi Capital Advisers LLC raised its stake in Martin Marietta Materials by 1.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock worth $690,000 after buying an additional 19 shares during the period. OneDigital Investment Advisors LLC increased its holdings in shares of Martin Marietta Materials by 1.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $527,000 after acquiring an additional 19 shares in the last quarter. Signaturefd LLC raised its position in shares of Martin Marietta Materials by 2.6% during the fourth quarter. Signaturefd LLC now owns 835 shares of the construction company's stock worth $431,000 after purchasing an additional 21 shares during the period. Financial Management Professionals Inc. raised its position in shares of Martin Marietta Materials by 3.5% during the first quarter. Financial Management Professionals Inc. now owns 652 shares of the construction company's stock worth $312,000 after purchasing an additional 22 shares during the period. Finally, Summit Place Financial Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 0.4% in the 4th quarter. Summit Place Financial Advisors LLC now owns 5,862 shares of the construction company's stock worth $3,028,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

NYSE MLM traded down $8.38 during trading on Wednesday, reaching $545.95. The company's stock had a trading volume of 442,947 shares, compared to its average volume of 487,730. The firm has a fifty day moving average of $526.00 and a 200 day moving average of $523.59. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $633.23. The stock has a market capitalization of $32.91 billion, a PE ratio of 16.89, a P/E/G ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.02. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm posted $1.93 earnings per share. Martin Marietta Materials's quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.16 annualized dividend and a yield of 0.58%. Martin Marietta Materials's dividend payout ratio (DPR) is presently 18.20%.

Analysts Set New Price Targets

A number of brokerages have commented on MLM. Truist Financial decreased their price target on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Morgan Stanley boosted their target price on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wall Street Zen cut shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. JPMorgan Chase & Co. lowered Martin Marietta Materials from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $640.00 to $560.00 in a report on Wednesday, March 19th. Finally, Stifel Nicolaus increased their price objective on Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials presently has an average rating of "Moderate Buy" and a consensus price target of $610.69.

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.