Mawer Investment Management Ltd. Purchases 15,316 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Mawer Investment Management Ltd. increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,488 shares of the construction company's stock after purchasing an additional 15,316 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.46% of Martin Marietta Materials worth $152,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Newbridge Financial Services Group Inc. raised its holdings in shares of 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 valued at $25,000 after acquiring an additional 37 shares in the last quarter. Asset Dedication LLC boosted its holdings in shares of Martin Marietta Materials by 1,300.0% during the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company's stock valued at $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 during the third quarter valued at approximately $33,000. Fortitude Family Office LLC grew its stake in shares of Martin Marietta Materials by 186.4% in the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company's stock worth $34,000 after acquiring an additional 41 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in Martin Marietta Materials in the first quarter worth about $41,000. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

Shares of MLM traded down $1.39 during trading hours on Monday, reaching $581.64. 380,835 shares of the stock traded hands, compared to its average volume of 447,206. Martin Marietta Materials, Inc. has a 52-week low of $451.37 and a 52-week 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 company has a market cap of $35.55 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 3.90 and a beta of 0.90. The company's 50-day moving average price is $557.57 and its two-hundred day moving average price is $556.43.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced 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 business had revenue of $1.89 billion during 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 quarter in the previous year, the firm earned $6.94 earnings per share. On average, analysts anticipate that Martin Marietta Materials, Inc. will post 17.84 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently announced 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 is Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 0.54%. Martin Marietta Materials's payout ratio is 9.85%.

Analyst Upgrades and Downgrades

MLM has been the topic of several recent analyst reports. Jefferies Financial Group cut their target price on Martin Marietta Materials from $650.00 to $635.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Loop Capital lifted their price objective on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Martin Marietta Materials from $560.00 to $515.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Stephens reduced their price target on shares of Martin Marietta Materials from $650.00 to $610.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Finally, Morgan Stanley increased 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 report on Monday, August 26th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $634.85.

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.