GHP Investment Advisors Inc. Increases Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

GHP Investment Advisors Inc. boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,352 shares of the construction company's stock after buying an additional 1,052 shares during the quarter. GHP Investment Advisors Inc.'s holdings in Martin Marietta Materials were worth $8,775,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Martin Marietta Materials by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 7,174,183 shares of the construction company's stock worth $3,705,466,000 after buying an additional 36,531 shares in the last quarter. Amundi boosted its position in Martin Marietta Materials by 10.5% during the fourth quarter. Amundi now owns 1,562,146 shares of the construction company's stock worth $808,005,000 after acquiring an additional 148,065 shares during the last quarter. Geode Capital Management LLC grew its stake in Martin Marietta Materials by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,472,411 shares of the construction company's stock worth $758,499,000 after acquiring an additional 32,082 shares during the period. Proficio Capital Partners LLC raised its holdings in Martin Marietta Materials by 54,277.3% in the 4th quarter. Proficio Capital Partners LLC now owns 918,432 shares of the construction company's stock valued at $474,370,000 after acquiring an additional 916,743 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Martin Marietta Materials by 5.4% in the 4th quarter. Invesco Ltd. now owns 873,629 shares of the construction company's stock valued at $451,229,000 after acquiring an additional 44,680 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MLM shares. UBS Group upgraded Martin Marietta Materials from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $548.00 to $634.00 in a report on Friday, May 16th. Loop Capital decreased their price target on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Seaport Res Ptn raised shares of Martin Marietta Materials to a "strong-buy" rating in a research note on Friday, March 21st. Morgan Stanley increased their price objective on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, Raymond James Financial decreased their target price on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Martin Marietta Materials has an average rating of "Moderate Buy" and a consensus price target of $603.86.

Martin Marietta Materials Trading Down 3.1%

Shares of Martin Marietta Materials stock traded down $17.31 during trading hours on Wednesday, hitting $535.06. The company's stock had a trading volume of 489,875 shares, compared to its average volume of 485,435. The business has a fifty day moving average of $538.88 and a 200 day moving average of $520.24. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $633.23. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $32.25 billion, a PE ratio of 30.82, a P/E/G ratio of 5.01 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced 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 return on equity of 12.01% and a net margin of 16.07%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned $1.93 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a $0.79 dividend. The ex-dividend date is Monday, June 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.59%. Martin Marietta Materials's dividend payout ratio (DPR) is currently 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.