Martin Marietta Materials, Inc. (NYSE:MLM) Position Boosted by Cwm LLC

CWM LLC lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 65.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,152 shares of the construction company's stock after purchasing an additional 1,250 shares during the quarter. CWM LLC's holdings in Martin Marietta Materials were worth $1,507,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in Martin Marietta Materials by 5.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,778 shares of the construction company's stock valued at $918,000 after purchasing an additional 89 shares during the period. Avantax Advisory Services Inc. increased its holdings in Martin Marietta Materials by 13.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,319 shares of the construction company's stock worth $681,000 after acquiring an additional 155 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Martin Marietta Materials by 1.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,305 shares of the construction company's stock worth $4,290,000 after acquiring an additional 80 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in Martin Marietta Materials by 6.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 13,383 shares of the construction company's stock worth $6,912,000 after acquiring an additional 862 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Martin Marietta Materials by 38.5% in the fourth quarter. Teacher Retirement System of Texas now owns 572 shares of the construction company's stock valued at $295,000 after purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Stock Up 2.2%

Shares of NYSE:MLM traded up $11.92 during trading on Friday, hitting $565.01. The company's stock had a trading volume of 407,634 shares, compared to its average volume of 474,915. 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, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The stock's 50-day moving average price is $552.73 and its two-hundred day moving average price is $522.21. The company has a market capitalization of $34.06 billion, a PE ratio of 32.55, a PEG ratio of 5.13 and a beta of 0.87.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the prior year, the company posted $1.93 earnings per share. The firm's quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 2nd were issued a $0.79 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.56%. Martin Marietta Materials's dividend payout ratio (DPR) is presently 18.20%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Raymond James Financial lowered their price target on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Royal Bank Of Canada initiated coverage on shares of Martin Marietta Materials in a report on Monday, June 16th. They issued a "sector perform" rating and a $515.00 price objective on the stock. UBS Group raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and increased their target price for the stock from $548.00 to $634.00 in a research note on Friday, May 16th. Finally, Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Martin Marietta Materials 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.