Martin Marietta Materials, Inc. (NYSE:MLM) Stake Raised by Stephens Inc. AR

Stephens Inc. AR increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 41.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,728 shares of the construction company's stock after purchasing an additional 13,485 shares during the quarter. Stephens Inc. AR owned approximately 0.08% of Martin Marietta Materials worth $21,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC purchased a new stake in Martin Marietta Materials in the 4th quarter valued at about $235,000. Waverly Advisors LLC lifted its stake in shares of Martin Marietta Materials by 78.9% in the 4th quarter. Waverly Advisors LLC now owns 1,041 shares of the construction company's stock valued at $538,000 after purchasing an additional 459 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Martin Marietta Materials by 65.5% in the 1st quarter. Mather Group LLC. now owns 278 shares of the construction company's stock valued at $133,000 after purchasing an additional 110 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Martin Marietta Materials by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,007 shares of the construction company's stock worth $1,457,000 after acquiring an additional 40 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in Martin Marietta Materials by 30.5% during the 1st quarter. Vontobel Holding Ltd. now owns 933 shares of the construction company's stock worth $446,000 after acquiring an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Loop Capital reduced their price target on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Wall Street Zen lowered Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. JPMorgan Chase & Co. lowered Martin Marietta Materials from an "overweight" rating to a "neutral" rating and cut their target price for the company from $640.00 to $560.00 in a research report on Wednesday, March 19th. UBS Group upgraded 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 upped their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $603.86.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock traded down $3.01 during trading on Friday, hitting $561.37. The stock had a trading volume of 269,548 shares, compared to its average volume of 476,934. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 0.99. The firm has a market cap of $33.84 billion, a P/E ratio of 32.34, a PEG ratio of 5.10 and a beta of 0.87. The business has a fifty day moving average of $551.11 and a two-hundred day moving average of $521.00. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week 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 for the quarter, beating the consensus estimate of $1.88 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a return on equity of 12.01% and a net margin of 16.07%. The company's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.93 earnings per share. On average, sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Monday, June 2nd. Martin Marietta Materials's dividend 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.