Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 10.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,777 shares of the construction company's stock after buying an additional 2,794 shares during the quarter. Captrust Financial Advisors' holdings in Martin Marietta Materials were worth $16,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Ameritas Advisory Services LLC grew its holdings in shares of Martin Marietta Materials by 2.8% during the second quarter. Ameritas Advisory Services LLC now owns 664 shares of the construction company's stock worth $360,000 after buying an additional 18 shares in the last quarter. Inspire Investing LLC grew its stake in Martin Marietta Materials by 0.9% during the 3rd quarter. Inspire Investing LLC now owns 2,126 shares of the construction company's stock valued at $1,144,000 after acquiring an additional 19 shares in the last quarter. Mather Group LLC. grew its stake in Martin Marietta Materials by 13.6% during the 2nd quarter. Mather Group LLC. now owns 167 shares of the construction company's stock valued at $90,000 after acquiring an additional 20 shares in the last quarter. TFG Advisers LLC raised its holdings in Martin Marietta Materials by 3.7% in the 2nd quarter. TFG Advisers LLC now owns 555 shares of the construction company's stock valued at $300,000 after acquiring an additional 20 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its stake in Martin Marietta Materials by 3.0% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 680 shares of the construction company's stock worth $368,000 after purchasing an additional 20 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Up 0.7 %

Shares of MLM stock traded up $4.40 on Friday, hitting $600.00. The stock had a trading volume of 184,946 shares, compared to its average volume of 455,691. The company's 50 day moving average price is $571.19 and its 200-day moving average price is $556.23. Martin Marietta Materials, Inc. has a 1 year low of $456.83 and a 1 year high of $633.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The firm has a market capitalization of $36.67 billion, a P/E ratio of 18.70, a P/E/G ratio of 4.07 and a beta of 0.90.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly 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). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the company earned $6.94 earnings per share. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. Analysts anticipate that Martin Marietta Materials, Inc. will post 17.58 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MLM. Citigroup lowered their price objective on Martin Marietta Materials from $658.00 to $646.00 and set a "buy" rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $515.00 to $640.00 in a report on Wednesday. UBS Group started coverage on shares of Martin Marietta Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $730.00 target price on the stock. Truist Financial dropped 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, Barclays lifted their price target on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $644.46.

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.