Little House Capital LLC Boosts Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Little House Capital LLC boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 51.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,888 shares of the construction company's stock after buying an additional 644 shares during the period. Little House Capital LLC's holdings in Martin Marietta Materials were worth $903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC increased its position in shares of Martin Marietta Materials by 1.9% during the fourth 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 in the last quarter. Signaturefd LLC increased its holdings in shares of Martin Marietta Materials by 2.6% in the 4th quarter. Signaturefd LLC now owns 835 shares of the construction company's stock worth $431,000 after buying an additional 21 shares during the last quarter. Net Worth Advisory Group grew its stake in Martin Marietta Materials by 2.2% in the 1st quarter. Net Worth Advisory Group now owns 993 shares of the construction company's stock worth $475,000 after acquiring an additional 21 shares in the last quarter. PDS Planning Inc lifted its position in shares of Martin Marietta Materials by 4.9% in the 1st quarter. PDS Planning Inc now owns 452 shares of the construction company's stock worth $216,000 after purchasing an additional 21 shares during the period. Finally, Financial Management Professionals Inc. lifted its position in Martin Marietta Materials by 3.5% during the first quarter. Financial Management Professionals Inc. now owns 652 shares of the construction company's stock valued at $312,000 after acquiring an additional 22 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Up 1.8%

Shares of Martin Marietta Materials stock opened at $550.34 on Friday. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The company has a 50 day moving average of $539.84 and a 200 day moving average of $520.01. 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 $33.17 billion, a P/E ratio of 31.70, a P/E/G ratio of 4.90 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its 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 net margin of 16.07% and a return on equity of 12.01%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal 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 issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, June 2nd. Martin Marietta Materials's payout ratio is 18.20%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Morgan Stanley raised their price target 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. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $640.00 to $560.00 in a research note on Wednesday, March 19th. Seaport Res Ptn raised shares of Martin Marietta Materials to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Loop Capital dropped 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.

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