InTrack Investment Management Inc Purchases 872 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

InTrack Investment Management Inc lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 33.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,446 shares of the construction company's stock after purchasing an additional 872 shares during the period. Martin Marietta Materials comprises 1.2% of InTrack Investment Management Inc's portfolio, making the stock its 23rd largest holding. InTrack Investment Management Inc's holdings in Martin Marietta Materials were worth $1,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its holdings in Martin Marietta Materials by 411.1% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company's stock worth $25,000 after purchasing an additional 37 shares in the last quarter. Asset Dedication LLC lifted its holdings in shares of Martin Marietta Materials by 1,300.0% in the third quarter. Asset Dedication LLC now owns 56 shares of the construction company's stock worth $30,000 after buying an additional 52 shares in the last quarter. First Personal Financial Services purchased a new position in shares of Martin Marietta Materials in the third quarter worth $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Martin Marietta Materials during the fourth quarter worth $41,000. Finally, Larson Financial Group LLC purchased a new position in Martin Marietta Materials during the third quarter valued at $49,000. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group assumed coverage on shares of Martin Marietta Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $730.00 price target on the stock. StockNews.com upgraded Martin Marietta Materials from a "sell" rating to a "hold" rating in a research report on Thursday, January 9th. Citigroup cut their price target on Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. raised Martin Marietta Materials from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. Finally, Hsbc Global Res upgraded Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $648.71.

Martin Marietta Materials Trading Up 2.3 %

Shares of NYSE MLM traded up $12.10 during midday trading on Friday, hitting $543.33. The company's stock had a trading volume of 371,416 shares, compared to its average volume of 350,880. The business's 50 day moving average is $555.95 and its two-hundred day moving average is $550.97. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market cap of $33.21 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing analysts' consensus estimates of $6.41 by ($0.50). The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The business's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.94 EPS. As a group, equities research analysts expect that Martin Marietta Materials, Inc. will post 17.6 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 0.58%. Martin Marietta Materials's dividend payout ratio (DPR) is 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.