Martin Marietta Materials, Inc. (NYSE:MLM) is Mcdonald Capital Investors Inc. CA's 9th Largest Position

Mcdonald Capital Investors Inc. CA lifted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 65.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,845 shares of the construction company's stock after acquiring an additional 65,928 shares during the period. Martin Marietta Materials accounts for approximately 5.0% of Mcdonald Capital Investors Inc. CA's holdings, making the stock its 9th biggest holding. Mcdonald Capital Investors Inc. CA owned 0.28% of Martin Marietta Materials worth $79,774,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new position in shares of Martin Marietta Materials during the fourth quarter worth approximately $28,000. Wayfinding Financial LLC purchased a new position in Martin Marietta Materials during the first quarter valued at approximately $29,000. Chilton Capital Management LLC purchased a new position in Martin Marietta Materials in the first quarter worth $30,000. Hopwood Financial Services Inc. purchased a new position in Martin Marietta Materials in the fourth quarter worth $36,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Martin Marietta Materials by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock worth $37,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock traded down $3.01 during trading hours on Friday, reaching $561.37. The stock had a trading volume of 269,548 shares, compared to its average volume of 476,934. The stock's 50 day moving average is $551.11 and its 200 day moving average is $521.00. The firm has a market capitalization of $33.84 billion, a PE ratio of 32.34, a PEG ratio of 5.12 and a beta of 0.87. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23. 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 (NYSE:MLM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.88 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Martin Marietta Materials had a net margin of 16.07% and a return on equity of 12.01%. The company's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.93 earnings per share. Equities analysts expect 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 declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 2nd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.56%. Martin Marietta Materials's dividend payout ratio (DPR) is presently 18.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MLM shares. Morgan Stanley boosted their price objective on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Stifel Nicolaus boosted their price objective on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Wall Street Zen downgraded shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $640.00 to $560.00 in a research report on Wednesday, March 19th. Finally, UBS Group upgraded shares of 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 research report on Friday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $603.86.

Martin Marietta Materials Company 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.