Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,242 shares of the construction company's stock after acquiring an additional 3,384 shares during the quarter. Franklin Street Advisors Inc. NC's holdings in Martin Marietta Materials were worth $13,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its position in shares of Martin Marietta Materials by 18.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company's stock valued at $4,914,000 after acquiring an additional 1,286 shares during the last quarter. Kovack Advisors Inc. acquired a new position in Martin Marietta Materials in the third quarter valued at about $734,000. Benjamin Edwards Inc. lifted its position in Martin Marietta Materials by 2,448.1% in the third quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company's stock valued at $741,000 after buying an additional 1,322 shares during the last quarter. D.A. Davidson & CO. lifted its position in Martin Marietta Materials by 8.5% in the third quarter. D.A. Davidson & CO. now owns 12,936 shares of the construction company's stock valued at $6,963,000 after buying an additional 1,014 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Martin Marietta Materials by 158.2% in the third quarter. National Bank of Canada FI now owns 43,952 shares of the construction company's stock valued at $23,657,000 after buying an additional 26,929 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Stock Performance

Shares of MLM stock traded down $8.71 during trading hours on Friday, hitting $508.54. The stock had a trading volume of 356,813 shares, compared to its average volume of 387,935. The firm has a market capitalization of $31.08 billion, a PE ratio of 15.85, a PEG ratio of 3.74 and a beta of 0.91. Martin Marietta Materials, Inc. has a twelve month low of $489.90 and a twelve month high of $633.23. The stock's 50 day moving average is $565.01 and its 200 day moving average is $551.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $6.94 earnings per share. Martin Marietta Materials's revenue was down 5.3% compared to the same quarter last year. As a group, research analysts forecast that Martin Marietta Materials, Inc. will post 17.58 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, December 2nd. Martin Marietta Materials's dividend payout ratio is presently 9.85%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MLM. Wolfe Research raised shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 target price on the stock in a research report on Wednesday. Barclays upped their target price 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. Citigroup cut their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating on the stock in a research note on Monday. Loop Capital boosted their price target on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, BNP Paribas lowered shares of Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Martin Marietta Materials currently has a consensus rating of "Moderate Buy" and an average price target of $643.36.

Martin Marietta Materials Company 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.