Gateway Investment Advisers LLC Purchases 1,115 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Gateway Investment Advisers LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,549 shares of the construction company's stock after acquiring an additional 1,115 shares during the period. Gateway Investment Advisers LLC owned about 0.09% of Martin Marietta Materials worth $26,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbeam Capital Management LLC purchased a new position in Martin Marietta Materials during the fourth quarter worth $235,000. Waverly Advisors LLC grew its holdings in Martin Marietta Materials by 78.9% during the 4th quarter. Waverly Advisors LLC now owns 1,041 shares of the construction company's stock worth $538,000 after acquiring an additional 459 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Martin Marietta Materials by 64.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company's stock valued at $1,047,000 after buying an additional 796 shares during the period. Captrust Financial Advisors raised its position in shares of Martin Marietta Materials by 4.4% in the 4th quarter. Captrust Financial Advisors now owns 31,092 shares of the construction company's stock worth $16,059,000 after acquiring an additional 1,315 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Martin Marietta Materials by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock valued at $1,441,663,000 after buying an additional 506,705 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MLM. Wall Street Zen downgraded Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Loop Capital lowered their price target on shares of 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. Morgan Stanley increased 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 note on Tuesday, May 6th. UBS Group raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $548.00 to $634.00 in a research note on Friday, May 16th. Finally, Raymond James decreased their target price on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of "Moderate Buy" and an average target price of $610.69.

Martin Marietta Materials Trading Down 0.0%

NYSE:MLM traded down $0.17 during mid-day trading on Tuesday, hitting $554.32. The company had a trading volume of 295,199 shares, compared to its average volume of 487,288. The firm has a market cap of $33.42 billion, a P/E ratio of 17.15, a P/E/G ratio of 4.45 and a beta of 0.89. The business's fifty day moving average is $524.49 and its two-hundred day moving average is $523.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. Martin Marietta Materials's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.93 EPS. As a group, research analysts expect 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 will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.79 per share. The ex-dividend date is Monday, June 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 0.57%. Martin Marietta Materials's dividend payout ratio (DPR) is presently 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.