2,525 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,525 shares of the construction company's stock, valued at approximately $1,359,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. raised its position in shares of Martin Marietta Materials by 411.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company's stock valued at $25,000 after buying an additional 37 shares during the last quarter. Asset Dedication LLC increased its stake in Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company's stock valued at $30,000 after acquiring an additional 52 shares during the period. First Personal Financial Services acquired a new position in Martin Marietta Materials in the 3rd quarter valued at approximately $33,000. Fortitude Family Office LLC lifted its position in shares of Martin Marietta Materials by 186.4% in the 2nd quarter. Fortitude Family Office LLC now owns 63 shares of the construction company's stock worth $34,000 after acquiring an additional 41 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Martin Marietta Materials during the 1st quarter worth approximately $41,000. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock traded up $7.21 during trading on Friday, reaching $597.81. The company's stock had a trading volume of 448,569 shares, compared to its average volume of 495,829. The stock has a 50-day moving average price of $565.21 and a two-hundred day moving average price of $556.75. The stock has a market capitalization of $36.54 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 3.95 and a beta of 0.90. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a one year low of $456.83 and a one year high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.41 by ($0.50). The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. Martin Marietta Materials's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.94 earnings per share. As a group, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 17.84 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, December 2nd. Martin Marietta Materials's dividend payout ratio (DPR) is presently 9.85%.

Analyst Ratings Changes

A number of research analysts recently commented on MLM shares. JPMorgan Chase & Co. cut their target price on Martin Marietta Materials from $560.00 to $515.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Citigroup decreased their target price on shares of Martin Marietta Materials from $658.00 to $646.00 and set a "buy" rating on the stock in a research report on Monday, August 12th. BNP Paribas raised shares of Martin Marietta Materials to a "strong-buy" rating in a research note on Thursday, September 19th. Truist Financial cut their price target on shares of Martin Marietta Materials from $700.00 to $670.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, Stephens lowered their price objective on Martin Marietta Materials from $650.00 to $610.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $634.85.

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.