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

Sequoia Financial Advisors LLC boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,309 shares of the construction company's stock after purchasing an additional 637 shares during the period. Sequoia Financial Advisors LLC's holdings in Martin Marietta Materials were worth $5,407,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its position in 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 valued at $527,000 after purchasing an additional 19 shares during the last quarter. Signaturefd LLC boosted its position in Martin Marietta Materials by 2.6% during the fourth quarter. Signaturefd LLC now owns 835 shares of the construction company's stock valued at $431,000 after purchasing an additional 21 shares during the last quarter. Net Worth Advisory Group boosted its position in Martin Marietta Materials by 2.2% during the first quarter. Net Worth Advisory Group now owns 993 shares of the construction company's stock valued at $475,000 after purchasing an additional 21 shares during the last quarter. Financial Management Professionals Inc. boosted its position in Martin Marietta Materials by 3.5% during 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 last quarter. Finally, HighPoint Advisor Group LLC boosted its position in 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 purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Trading Up 1.8%

Martin Marietta Materials stock opened at $550.34 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 2.25. The business's 50-day simple moving average is $539.84 and its 200-day simple moving average is $520.01. The firm has a market capitalization of $33.17 billion, a PE ratio of 31.70, a PEG ratio of 4.90 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.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.88 by $0.02. The business had revenue of $1.35 billion for 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 firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 earnings per share. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.16 annualized dividend and a yield of 0.57%. Martin Marietta Materials's dividend payout ratio is 18.20%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MLM shares. Wall Street Zen cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Seaport Res Ptn raised Martin Marietta Materials to a "strong-buy" rating in a research report on Friday, March 21st. UBS Group raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $548.00 to $634.00 in a research report on Friday, May 16th. Raymond James Financial reduced their price target on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada started coverage on Martin Marietta Materials in a research report on Monday, June 16th. They issued a "sector perform" rating and a $515.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $603.86.

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.

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