Martin Marietta Materials, Inc. (NYSE:MLM) Stock Holdings Increased by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,940 shares of the construction company's stock after purchasing an additional 1,004 shares during the period. D.A. Davidson & CO.'s holdings in Martin Marietta Materials were worth $7,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Martin Marietta Materials by 76.2% during the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock worth $876,648,000 after purchasing an additional 704,460 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Martin Marietta Materials by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock worth $1,441,663,000 after purchasing an additional 506,705 shares during the last quarter. FMR LLC raised its stake in shares of Martin Marietta Materials by 15.3% during the third quarter. FMR LLC now owns 2,515,441 shares of the construction company's stock worth $1,353,936,000 after purchasing an additional 334,605 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Martin Marietta Materials by 7,608.2% during the third quarter. Public Sector Pension Investment Board now owns 181,373 shares of the construction company's stock worth $97,624,000 after purchasing an additional 179,020 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Martin Marietta Materials by 54.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company's stock worth $251,784,000 after purchasing an additional 164,503 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MLM has been the subject of several research analyst reports. Raymond James cut their price objective on Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Stephens cut their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $515.00 to $640.00 in a research report on Wednesday, November 27th. Truist Financial cut their price objective on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Citigroup cut their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $639.43.

Martin Marietta Materials Stock Down 3.2 %

Shares of NYSE:MLM traded down $16.10 during mid-day trading on Friday, hitting $489.94. 730,657 shares of the company traded hands, compared to its average volume of 465,940. The firm has a market cap of $29.95 billion, a P/E ratio of 15.15, a PEG ratio of 4.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a 52-week low of $482.72 and a 52-week high of $633.23. The firm's 50 day simple moving average is $531.34 and its 200 day simple moving average is $547.49.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. On average, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.64%. Martin Marietta Materials's dividend payout ratio is currently 9.77%.

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.