Martin Marietta Materials, Inc. (NYSE:MLM) Stock Holdings Boosted by RMR Wealth Builders

RMR Wealth Builders raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 431.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,391 shares of the construction company's stock after purchasing an additional 1,941 shares during the quarter. RMR Wealth Builders' holdings in Martin Marietta Materials were worth $1,235,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its stake in Martin Marietta Materials by 411.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company's stock worth $25,000 after buying an additional 37 shares during the period. Asset Dedication LLC raised its position in Martin Marietta Materials by 1,300.0% in the third quarter. Asset Dedication LLC now owns 56 shares of the construction company's stock valued at $30,000 after purchasing an additional 52 shares during the period. First Personal Financial Services acquired a new position in shares of Martin Marietta Materials during the third quarter worth about $33,000. Larson Financial Group LLC purchased a new stake in shares of Martin Marietta Materials in the third quarter worth about $49,000. Finally, Tobam boosted its position in shares of Martin Marietta Materials by 38.8% in the third quarter. Tobam now owns 93 shares of the construction company's stock worth $50,000 after buying an additional 26 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MLM has been the topic of several recent research reports. BNP Paribas lowered Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Loop Capital boosted their target price on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Hsbc Global Res raised shares of Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. HSBC upgraded shares of Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price objective on the stock in a report on Wednesday, December 11th. Finally, UBS Group initiated coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $730.00 target price for the company. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $643.36.

Martin Marietta Materials Stock Performance

MLM traded down $8.71 during trading hours on Friday, hitting $508.54. 356,813 shares of the stock were exchanged, compared to its average volume of 387,935. 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, Inc. has a 12 month low of $489.90 and a 12 month high of $633.23. The stock has a 50-day simple moving average of $563.58 and a 200-day simple moving average of $551.17. The stock has a market cap of $31.08 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 3.74 and a beta of 0.91.

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

Martin Marietta Materials Dividend Announcement

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