Advisor Group Inc. increased its holdings in shares of Martin Marietta Materials (NYSE:MLM) by 25.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,807 shares of the construction company’s stock after purchasing an additional 1,187 shares during the period. Advisor Group Inc.’s holdings in Martin Marietta Materials were worth $1,284,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Valeo Financial Advisors LLC grew its holdings in Martin Marietta Materials by 149.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 523 shares of the construction company’s stock worth $116,000 after purchasing an additional 313 shares during the period. Highlander Capital Management LLC bought a new stake in shares of Martin Marietta Materials during the third quarter worth approximately $124,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Martin Marietta Materials during the fourth quarter worth approximately $155,000. First Dallas Securities Inc. bought a new stake in shares of Martin Marietta Materials during the fourth quarter worth approximately $155,000. Finally, IFM Investors Pty Ltd bought a new stake in shares of Martin Marietta Materials during the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 99.26% of the company’s stock.
Shares of MLM stock opened at $204.21 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.79 and a quick ratio of 2.93. The stock has a market capitalization of $13,012.78, a P/E ratio of 18.14, a P/E/G ratio of 2.98 and a beta of 1.17. Martin Marietta Materials has a 12 month low of $191.09 and a 12 month high of $244.32.
Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.46. The business had revenue of $911.30 million during the quarter, compared to analysts’ expectations of $924.30 million. Martin Marietta Materials had a return on equity of 10.55% and a net margin of 17.99%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. research analysts predict that Martin Marietta Materials will post 8.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 5th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, March 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 15.63%.
A number of equities research analysts have recently issued reports on MLM shares. Citigroup boosted their price objective on Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Alembic Global Advisors restated a “buy” rating on shares of Martin Marietta Materials in a report on Wednesday, February 14th. SunTrust Banks restated a “buy” rating and set a $245.00 price objective on shares of Martin Marietta Materials in a report on Tuesday, February 13th. Barclays started coverage on Martin Marietta Materials in a report on Tuesday, December 12th. They set an “equal weight” rating and a $227.00 price objective for the company. Finally, Zacks Investment Research upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Martin Marietta Materials has a consensus rating of “Hold” and an average target price of $243.25.
In related news, Director Laree E. Perez sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $214.00, for a total value of $642,000.00. Following the completion of the sale, the director now directly owns 16,751 shares in the company, valued at $3,584,714. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 8.45% of the company’s stock.
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Martin Marietta Materials Profile
Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.
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