Martin Marietta Materials, Inc. (NYSE:MLM) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 111.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,777 shares of the construction company's stock after acquiring an additional 1,464 shares during the period. Kovack Advisors Inc.'s holdings in Martin Marietta Materials were worth $1,328,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. OneDigital Investment Advisors LLC increased its holdings in Martin Marietta Materials by 1.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $527,000 after acquiring an additional 19 shares during the last quarter. Net Worth Advisory Group boosted its stake in shares of Martin Marietta Materials by 2.2% during the 1st quarter. Net Worth Advisory Group now owns 993 shares of the construction company's stock worth $475,000 after purchasing an additional 21 shares during the period. PDS Planning Inc lifted its holdings in Martin Marietta Materials by 4.9% during the 1st quarter. PDS Planning Inc now owns 452 shares of the construction company's stock valued at $216,000 after buying an additional 21 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Martin Marietta Materials by 3.5% during the 1st quarter. Financial Management Professionals Inc. now owns 652 shares of the construction company's stock valued at $312,000 after buying an additional 22 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Martin Marietta Materials by 5.4% during the 4th quarter. Wellington Management Group LLP now owns 448 shares of the construction company's stock valued at $231,000 after buying an additional 23 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MLM shares. Wall Street Zen lowered shares of 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 target for the company. Loop Capital reduced 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 report on Tuesday, April 1st. UBS Group upgraded shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and boosted their price target for the company from $548.00 to $634.00 in a report on Friday, May 16th. Finally, Morgan Stanley boosted their price objective 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. One equities research 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 stock. Based on data from MarketBeat.com, Martin Marietta Materials has an average rating of "Moderate Buy" and a consensus price target of $603.86.

Martin Marietta Materials Stock Performance

NYSE MLM traded up $4.57 during mid-day trading on Friday, reaching $586.01. 233,675 shares of the stock were exchanged, compared to its average volume of 334,358. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 2.25. The business's 50 day moving average is $554.71 and its 200-day moving average is $523.69. The company has a market capitalization of $35.32 billion, a P/E ratio of 33.76, a P/E/G ratio of 5.29 and a beta of 0.87. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm posted $1.93 earnings per share. Martin Marietta Materials's quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, June 2nd. Martin Marietta Materials's payout ratio is 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.