Mizuho Securities USA LLC Grows Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Mizuho Securities USA LLC grew its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 197.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,152 shares of the construction company's stock after acquiring an additional 9,395 shares during the quarter. Mizuho Securities USA LLC's holdings in Martin Marietta Materials were worth $7,617,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Empirical Finance LLC raised its position in Martin Marietta Materials by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,145 shares of the construction company's stock valued at $1,155,000 after purchasing an additional 43 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Martin Marietta Materials by 4.5% during the third quarter. CIBC Asset Management Inc now owns 17,484 shares of the construction company's stock worth $9,411,000 after purchasing an additional 757 shares during the period. ING Groep NV acquired a new stake in shares of Martin Marietta Materials during the third quarter worth $1,601,000. Metis Global Partners LLC grew its stake in shares of Martin Marietta Materials by 1.1% during the third quarter. Metis Global Partners LLC now owns 1,963 shares of the construction company's stock worth $1,057,000 after purchasing an additional 22 shares during the period. Finally, KBC Group NV grew its stake in shares of Martin Marietta Materials by 607.4% during the third quarter. KBC Group NV now owns 75,377 shares of the construction company's stock worth $40,572,000 after purchasing an additional 64,722 shares during the period. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Trading Down 0.8 %

Martin Marietta Materials stock traded down $4.93 during midday trading on Friday, hitting $583.03. 400,417 shares of the stock were exchanged, compared to its average volume of 486,930. The stock's 50-day simple moving average is $557.57 and its 200 day simple moving average is $556.67. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a fifty-two week low of $451.37 and a fifty-two week high of $633.23. The stock has a market capitalization of $35.63 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 3.90 and a beta of 0.90.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the firm earned $6.94 EPS. The firm's revenue was down 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Martin Marietta Materials, Inc. will post 17.84 EPS for the current year.

Martin Marietta Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Loop Capital boosted their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the company a "buy" rating in a report on Thursday, October 31st. BNP Paribas upgraded Martin Marietta Materials to a "strong-buy" rating in a research note on Thursday, September 19th. Barclays increased their price objective on Martin Marietta Materials from $595.00 to $645.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. Jefferies Financial Group reduced their target price on Martin Marietta Materials from $650.00 to $635.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Martin Marietta Materials from $560.00 to $515.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $634.85.

Martin Marietta Materials Company Profile

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.