SG Americas Securities LLC Grows Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

SG Americas Securities LLC lifted its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 1,786.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,993 shares of the construction company's stock after purchasing an additional 29,350 shares during the period. SG Americas Securities LLC owned 0.05% of Martin Marietta Materials worth $14,819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MLM. Lee Danner & Bass Inc. bought a new stake in Martin Marietta Materials during the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC acquired a new stake in Martin Marietta Materials in the 4th quarter worth approximately $32,000. Kestra Investment Management LLC acquired a new position in shares of Martin Marietta Materials in the fourth quarter valued at about $35,000. Hopwood Financial Services Inc. acquired a new stake in Martin Marietta Materials during the 4th quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Martin Marietta Materials by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock worth $37,000 after buying an additional 34 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

Shares of NYSE MLM traded down $10.77 during mid-day trading on Friday, reaching $541.87. 249,973 shares of the company were exchanged, compared to its average volume of 485,995. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $32.67 billion, a PE ratio of 16.76, a PEG ratio of 4.45 and a beta of 0.89. The company's 50 day moving average price is $527.88 and its 200 day moving average price is $523.24. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.88 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. During the same period in the previous year, the firm earned $1.93 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share 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 given a $0.79 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.58%. Martin Marietta Materials's dividend payout ratio is 18.20%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MLM. Stephens dropped their price target on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Barclays dropped their price objective on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. UBS Group raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and boosted their target price for the company from $548.00 to $634.00 in a report on Friday, May 16th. Wall Street Zen cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Finally, JPMorgan Chase & Co. cut Martin Marietta Materials from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $640.00 to $560.00 in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $610.69.

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.