Sendero Wealth Management LLC Buys New Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Sendero Wealth Management LLC bought a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 778 shares of the construction company's stock, valued at approximately $372,000.

Several other large investors have also recently made changes to their positions in the business. Lee Danner & Bass Inc. bought a new stake in Martin Marietta Materials during the 4th quarter valued at about $28,000. Whipplewood Advisors LLC purchased a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $35,000. Hopwood Financial Services Inc. purchased a new position in Martin Marietta Materials in the 4th quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC lifted its position in 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. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Performance

Shares of NYSE MLM traded up $1.25 during trading on Friday, hitting $551.29. The company had a trading volume of 274,760 shares, compared to its average volume of 487,839. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $633.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The firm has a market capitalization of $33.23 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The stock has a 50 day simple moving average of $520.52 and a 200 day simple moving average of $524.64.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings results 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 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%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.93 earnings per share. As a group, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, June 2nd. Martin Marietta Materials's dividend payout ratio is currently 18.20%.

Analysts Set New Price Targets

A number of analysts have commented on MLM shares. Wall Street Zen lowered Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Morgan Stanley increased their price objective on Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Stifel Nicolaus lifted their price objective on Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Truist Financial lowered their target price on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group raised shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and raised their price target for the company from $548.00 to $634.00 in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Martin Marietta Materials has an average rating of "Moderate Buy" and a consensus price target of $610.69.

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.