Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Heritage Investors Management Corp

Heritage Investors Management Corp lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,154 shares of the construction company's stock after purchasing an additional 2,311 shares during the quarter. Martin Marietta Materials comprises approximately 1.1% of Heritage Investors Management Corp's investment portfolio, making the stock its 26th biggest position. Heritage Investors Management Corp owned 0.11% of Martin Marietta Materials worth $31,630,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MLM. Lee Danner & Bass Inc. acquired a new position in shares of Martin Marietta Materials in the 4th quarter worth approximately $28,000. Wayfinding Financial LLC purchased a new stake in Martin Marietta Materials in the first quarter valued at approximately $29,000. Chilton Capital Management LLC purchased a new stake in Martin Marietta Materials in the first quarter valued at approximately $30,000. Bellwether Advisors LLC acquired a new position in Martin Marietta Materials during the fourth quarter worth $46,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Martin Marietta Materials during the fourth quarter worth $47,000. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Stock Up 2.2%

Martin Marietta Materials stock traded up $11.92 during midday trading on Friday, reaching $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 market cap of $34.06 billion, a P/E ratio of 32.55, a P/E/G ratio of 5.13 and a beta of 0.87. 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 business has a 50-day simple moving average of $552.73 and a 200-day simple moving average of $522.21. 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 quarterly 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 firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Martin Marietta Materials had a return on equity of 12.01% and a net margin of 16.07%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 earnings per share. On average, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on MLM shares. Stifel Nicolaus increased their target price 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. Raymond James Financial reduced their price target 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. Royal Bank Of Canada started 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 for the company. Wall Street Zen lowered shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Finally, Loop Capital decreased their price target on shares of Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and a consensus target price 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.