IFM Investors Pty Ltd Acquires 1,429 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

IFM Investors Pty Ltd boosted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 13.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,237 shares of the construction company's stock after buying an additional 1,429 shares during the period. IFM Investors Pty Ltd's holdings in Martin Marietta Materials were worth $5,851,000 as of its most recent SEC filing.

A number of other institutional investors have 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 valued at $28,000. Hopwood Financial Services Inc. bought a new position in shares of Martin Marietta Materials in the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of Martin Marietta Materials by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock valued at $37,000 after acquiring an additional 34 shares in the last quarter. Valley National Advisers Inc. increased its position in Martin Marietta Materials by 193.9% during the first quarter. Valley National Advisers Inc. now owns 97 shares of the construction company's stock worth $45,000 after buying an additional 64 shares during the last quarter. Finally, Bellwether Advisors LLC acquired a new position in Martin Marietta Materials during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 95.04% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MLM. Stifel Nicolaus upped their target price on Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Morgan Stanley upped their target price on Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Loop Capital dropped their price target on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Royal Bank Of Canada initiated coverage on Martin Marietta Materials in a research report on Monday, June 16th. They set a "sector perform" rating and a $515.00 target price for the company. Finally, Wall Street Zen downgraded Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $603.86.

Martin Marietta Materials Price Performance

Shares of MLM traded up $1.27 during mid-day trading on Tuesday, reaching $557.56. 82,300 shares of the stock traded hands, compared to its average volume of 498,265. The firm has a fifty day moving average price of $547.85 and a 200 day moving average price of $520.07. The company has a market cap of $33.61 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 5.07 and a beta of 0.87. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. 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 earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business earned $1.93 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were given a dividend of $0.79 per share. The ex-dividend date was Monday, June 2nd. This represents a $3.16 annualized dividend and a yield of 0.57%. 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.