584 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Purchased by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 584 shares of the construction company's stock, valued at approximately $279,000.

Several other hedge funds also recently bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new position in Martin Marietta Materials in the 4th quarter worth approximately $235,000. Waverly Advisors LLC grew its position in Martin Marietta Materials by 78.9% in the fourth quarter. Waverly Advisors LLC now owns 1,041 shares of the construction company's stock worth $538,000 after acquiring an additional 459 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Martin Marietta Materials by 23.0% in the first quarter. Exchange Traded Concepts LLC now owns 454 shares of the construction company's stock valued at $217,000 after acquiring an additional 85 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Martin Marietta Materials by 64.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,028 shares of the construction company's stock valued at $1,047,000 after purchasing an additional 796 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Martin Marietta Materials by 5.0% during the first quarter. Fifth Third Bancorp now owns 7,357 shares of the construction company's stock worth $3,518,000 after purchasing an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Analyst Ratings Changes

MLM has been the topic of several recent research reports. Loop Capital reduced their price objective on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Royal Bank Of Canada initiated coverage on shares of Martin Marietta Materials in a research note on Monday, June 16th. They set a "sector perform" rating and a $515.00 price target on the stock. Wall Street Zen lowered shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, UBS Group raised shares of 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 note on Friday, May 16th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Martin Marietta Materials has a consensus rating of "Moderate Buy" and a consensus target price of $603.86.

Martin Marietta Materials Stock Up 1.4%

MLM stock traded up $7.57 during midday trading on Thursday, hitting $541.99. The stock had a trading volume of 444,163 shares, compared to its average volume of 485,271. The business has a 50-day moving average of $538.88 and a two-hundred day moving average of $520.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 0.99. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 5.01 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 issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.02. Martin Marietta Materials had a net margin of 16.07% and a return on equity of 12.01%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the business earned $1.93 EPS. Martin Marietta Materials's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.79 per share. The ex-dividend date 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 18.20%.

About Martin Marietta Materials

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.