Sequoia Financial Advisors LLC Has $5.41 Million Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Sequoia Financial Advisors LLC boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 6.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,309 shares of the construction company's stock after buying an additional 637 shares during the period. Sequoia Financial Advisors LLC's holdings in Martin Marietta Materials were worth $5,407,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MLM. OneDigital Investment Advisors LLC grew its position in shares of Martin Marietta Materials by 1.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock worth $527,000 after acquiring an additional 19 shares during the last quarter. Signaturefd LLC grew its position in Martin Marietta Materials by 2.6% in the 4th quarter. Signaturefd LLC now owns 835 shares of the construction company's stock worth $431,000 after purchasing an additional 21 shares during the last quarter. Net Worth Advisory Group grew its position in Martin Marietta Materials by 2.2% in the 1st quarter. Net Worth Advisory Group now owns 993 shares of the construction company's stock worth $475,000 after purchasing an additional 21 shares during the last quarter. Financial Management Professionals Inc. increased its stake in shares of Martin Marietta Materials by 3.5% in the first quarter. Financial Management Professionals Inc. now owns 652 shares of the construction company's stock valued at $312,000 after purchasing an additional 22 shares during the period. Finally, HighPoint Advisor Group LLC raised its holdings in shares of Martin Marietta Materials by 2.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,024 shares of the construction company's stock valued at $542,000 after buying an additional 23 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MLM. Seaport Res Ptn raised Martin Marietta Materials to a "strong-buy" rating in a report on Friday, March 21st. Stifel Nicolaus increased their price target on Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Loop Capital lowered their price target on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Royal Bank Of Canada assumed coverage on shares of Martin Marietta Materials in a report on Monday, June 16th. They issued a "sector perform" rating and a $515.00 price objective for the company. Finally, JPMorgan Chase & Co. cut shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $640.00 to $560.00 in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $603.86.

Martin Marietta Materials Price Performance

Shares of NYSE MLM traded up $8.89 during trading on Tuesday, hitting $557.85. The company had a trading volume of 458,322 shares, compared to its average volume of 484,178. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23. The business's 50-day moving average is $543.57 and its 200 day moving average is $519.63. The company has a market cap of $33.63 billion, a P/E ratio of 32.13, a PEG ratio of 4.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 2.25.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.88 by $0.02. Martin Marietta Materials had a return on equity of 12.01% and a net margin of 16.07%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the previous year, the firm posted $1.93 EPS. The company's quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.79 per share. The ex-dividend date was Monday, June 2nd. This represents a $3.16 annualized dividend and a yield of 0.57%. Martin Marietta Materials's payout ratio is presently 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.