United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $19.27 Million Stock Holdings in Martin Marietta Materials, Inc. $MLM

Key Points

• United Super Pty Ltd boosted its stake in Martin Marietta Materials by 124.4% in the fourth quarter, ending with 30,954 shares valued at about $19.27 million.
• Martin Marietta Materials reported better-than-expected quarterly results, posting EPS of $1.93 versus estimates of $1.78 and revenue of $1.36 billion, up 17.2% year over year.
• The company also announced a quarterly dividend of $0.83 per share, while analysts currently rate the stock Moderate Buy with a consensus target price of $689.81.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 124.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,954 shares of the construction company's stock after buying an additional 17,159 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.05% of Martin Marietta Materials worth $19,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MLM. Bank of America Corp DE increased its stake in shares of Martin Marietta Materials by 31.9% in the second quarter. Bank of America Corp DE now owns 2,340,677 shares of the construction company's stock valued at $1,284,938,000 after buying an additional 565,856 shares during the period. Principal Financial Group Inc. increased its stake in shares of Martin Marietta Materials by 9.6% in the third quarter. Principal Financial Group Inc. now owns 2,204,425 shares of the construction company's stock valued at $1,389,428,000 after buying an additional 192,637 shares during the period. Millennium Management LLC boosted its position in shares of Martin Marietta Materials by 1,570.3% during the 3rd quarter. Millennium Management LLC now owns 108,167 shares of the construction company's stock valued at $68,175,000 after purchasing an additional 115,524 shares in the last quarter. Freestone Grove Partners LP boosted its position in shares of Martin Marietta Materials by 748.5% during the 3rd quarter. Freestone Grove Partners LP now owns 124,963 shares of the construction company's stock valued at $78,762,000 after purchasing an additional 110,236 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Martin Marietta Materials by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 7,442,945 shares of the construction company's stock valued at $4,691,139,000 after purchasing an additional 93,595 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Trading Up 0.1%

Shares of Martin Marietta Materials stock opened at $575.01 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. Martin Marietta Materials, Inc. has a 52 week low of $525.38 and a 52 week high of $710.97. The stock has a 50 day moving average price of $590.65 and a two-hundred day moving average price of $621.38. The stock has a market capitalization of $34.53 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.15. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter last year, the firm posted $1.90 earnings per share. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.32 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Martin Marietta Materials's dividend payout ratio (DPR) is 7.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley cut their target price on Martin Marietta Materials from $702.00 to $664.00 and set an "overweight" rating on the stock in a research report on Monday, April 6th. Zacks Research upgraded Martin Marietta Materials from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Royal Bank Of Canada cut their target price on Martin Marietta Materials from $630.00 to $615.00 and set a "sector perform" rating on the stock in a research report on Monday, May 4th. Jefferies Financial Group restated a "buy" rating and set a $785.00 target price on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Finally, Oppenheimer assumed coverage on Martin Marietta Materials in a research report on Thursday. They set a "market perform" rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $689.81.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc NYSE: MLM is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.

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