Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 40.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,358 shares of the construction company's stock after purchasing an additional 967 shares during the period. RMR Wealth Builders' holdings in Martin Marietta Materials were worth $1,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new stake in Martin Marietta Materials in the 4th quarter valued at $235,000. Waverly Advisors LLC increased its holdings in 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 acquiring an additional 459 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Martin Marietta Materials by 64.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company's stock valued at $1,047,000 after acquiring an additional 796 shares during the last quarter. Fifth Third Bancorp increased its holdings in Martin Marietta Materials by 5.0% in the 1st quarter. Fifth Third Bancorp now owns 7,357 shares of the construction company's stock valued at $3,518,000 after acquiring an additional 352 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in Martin Marietta Materials by 4.4% in the 4th quarter. Captrust Financial Advisors now owns 31,092 shares of the construction company's stock valued at $16,059,000 after acquiring an additional 1,315 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on MLM shares. Wall Street Zen downgraded shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Raymond James reduced their price target on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. downgraded shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $640.00 to $560.00 in a report on Wednesday, March 19th. Seaport Res Ptn raised shares of Martin Marietta Materials to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Morgan Stanley lifted their price objective on shares of 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $610.69.

Martin Marietta Materials Trading Down 1.9%

NYSE:MLM traded down $10.77 during mid-day trading on Friday, hitting $541.87. 249,973 shares of the stock traded hands, compared to its average volume of 486,711. The stock has a market capitalization of $32.67 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23. The firm's 50 day moving average is $529.68 and its two-hundred day moving average is $521.85. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.02. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.93 EPS. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared 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 payout ratio is presently 18.20%.

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.