Jackson Hole Capital Partners LLC Boosts Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Jackson Hole Capital Partners LLC increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 20.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,706 shares of the construction company's stock after buying an additional 814 shares during the period. Jackson Hole Capital Partners LLC's holdings in Martin Marietta Materials were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in Martin Marietta Materials in the first quarter valued at approximately $29,000. Chilton Capital Management LLC bought a new stake in shares of Martin Marietta Materials during the first quarter worth $30,000. IMA Advisory Services Inc. bought a new stake in shares of Martin Marietta Materials during the first quarter worth $40,000. Bellwether Advisors LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter worth $46,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Martin Marietta Materials during the fourth quarter worth $47,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Up 0.8%

MLM stock traded up $4.57 during trading on Friday, reaching $586.01. The stock had a trading volume of 233,675 shares, compared to its average volume of 334,358. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one 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's 50 day moving average is $555.14 and its two-hundred day moving average is $524.22. The company has a market capitalization of $35.33 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 5.29 and a beta of 0.87.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released 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. 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 net margin of 16.07% and a return on equity of 12.01%. The company's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 EPS. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm 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. This represents a $3.16 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, June 2nd. Martin Marietta Materials's dividend payout ratio (DPR) is presently 18.20%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MLM shares. Loop Capital decreased their target price on shares of 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. Raymond James Financial cut 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 report on Tuesday, April 29th. UBS Group upgraded shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $548.00 to $634.00 in a report on Friday, May 16th. 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 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of "Moderate Buy" and an average target price of $603.86.

About Martin Marietta Materials

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.