Martin Marietta Materials, Inc. $MLM Stock Position Lifted by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Martin Marietta Materials by 119% in the fourth quarter, bringing its holdings to 3,311 shares valued at about $2.06 million.
• Wall Street remains constructive on the stock, with 10 Buy ratings and 8 Hold ratings; the consensus view is a “Moderate Buy” and the average price target is $689.81.
• Martin Marietta reported strong quarterly results, posting EPS of $1.93 versus the $1.78 estimate and revenue of $1.36 billion, up 17.2% year over year. The company also paid a quarterly dividend of $0.83 per share, equal to an annualized yield of 0.6%.

ASR Vermogensbeheer N.V. lifted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 119.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,311 shares of the construction company's stock after purchasing an additional 1,799 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Martin Marietta Materials were worth $2,062,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of MLM. Optima Capital LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter valued at approximately $25,000. Quent Capital LLC bought a new position in Martin Marietta Materials during the third quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in Martin Marietta Materials during the third quarter valued at about $27,000. Redmont Wealth Advisors LLC bought a new position in Martin Marietta Materials during the third quarter valued at about $32,000. Finally, Grey Fox Wealth Advisors LLC bought a new position in Martin Marietta Materials during the third quarter valued at about $33,000. Institutional investors own 95.04% of the company's stock.

Wall Street Analysts Forecast Growth

MLM has been the subject of a number of research reports. DA Davidson set a $680.00 target price on shares of Martin Marietta Materials in a report on Thursday, February 12th. Weiss Ratings cut shares of Martin Marietta Materials from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, May 1st. Zacks Research upgraded Martin Marietta Materials from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Raymond James Financial set a $690.00 price target on Martin Marietta Materials in a research report on Monday, April 27th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $785.00 price target on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $689.81.

Martin Marietta Materials Trading Up 0.1%

Martin Marietta Materials stock opened at $590.75 on Monday. The company has a 50 day moving average price of $610.46 and a 200 day moving average price of $627.35. Martin Marietta Materials, Inc. has a 52 week low of $532.80 and a 52 week high of $710.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. The firm has a market capitalization of $35.47 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 2.15 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.15. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $1.90 EPS. The business's quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts forecast that Martin Marietta Materials, Inc. will post 19.27 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd were given a dividend of $0.83 per share. The ex-dividend date was Monday, March 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Martin Marietta Materials's dividend payout ratio (DPR) is presently 7.91%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc NYSE: MLM is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.

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