Hilltop Holdings Inc. Buys 1,349 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Hilltop Holdings Inc. lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 184.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,082 shares of the construction company's stock after buying an additional 1,349 shares during the period. Hilltop Holdings Inc.'s holdings in Martin Marietta Materials were worth $1,121,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC boosted its position in shares of Martin Marietta Materials by 2.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 664 shares of the construction company's stock valued at $360,000 after purchasing an additional 18 shares in the last quarter. Inspire Investing LLC boosted its position in shares of 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 purchasing an additional 19 shares in the last quarter. Mather Group LLC. boosted its position in shares of 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 purchasing an additional 20 shares in the last quarter. TFG Advisers LLC boosted its position in shares of Martin Marietta Materials by 3.7% during the 2nd quarter. TFG Advisers LLC now owns 555 shares of the construction company's stock valued at $300,000 after purchasing an additional 20 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its stake in Martin Marietta Materials by 3.0% in the second quarter. Meiji Yasuda Life Insurance Co now owns 680 shares of the construction company's stock valued at $368,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

MLM has been the subject of several research reports. StockNews.com raised shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a research report on Monday. Truist Financial dropped their price objective on shares of Martin Marietta Materials from $700.00 to $670.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. BNP Paribas raised shares of Martin Marietta Materials to a "strong-buy" rating in a research note on Thursday, September 19th. Morgan Stanley raised their price objective on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the company an "overweight" rating in a research note on Monday, August 26th. Finally, Loop Capital raised their price objective on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $644.46.

Martin Marietta Materials Stock Performance

Shares of MLM traded down $0.15 during trading hours on Thursday, hitting $582.29. The company's stock had a trading volume of 450,435 shares, compared to its average volume of 445,864. The company has a market cap of $35.59 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 3.99 and a beta of 0.89. 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 business has a 50 day simple moving average of $574.12 and a two-hundred day simple moving average of $556.15. Martin Marietta Materials, Inc. has a 52-week low of $458.58 and a 52-week high of $633.23.

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

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 2nd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 0.54%. Martin Marietta Materials's dividend payout ratio is currently 9.85%.

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.