Natixis Advisors LLC Increases Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Natixis Advisors LLC boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 97,554 shares of the construction company's stock after purchasing an additional 4,513 shares during the quarter. Natixis Advisors LLC owned about 0.16% of Martin Marietta Materials worth $52,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its stake in shares of Martin Marietta Materials by 411.1% in the second 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 during the last quarter. Asset Dedication LLC lifted 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 during the period. First Personal Financial Services bought a new stake in shares of Martin Marietta Materials in the third quarter worth $33,000. Fortitude Family Office LLC increased its position in Martin Marietta Materials by 186.4% during the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company's stock valued at $34,000 after acquiring an additional 41 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Martin Marietta Materials during the 1st quarter valued at about $41,000. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Price Performance

MLM stock traded down $4.93 during mid-day trading on Friday, hitting $583.03. The company had a trading volume of 400,417 shares, compared to its average volume of 486,930. The company has a 50-day moving average price of $557.57 and a 200 day moving average price of $556.67. Martin Marietta Materials, Inc. has a 12-month low of $451.37 and a 12-month high of $633.23. The company has a market capitalization of $35.63 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 3.90 and a beta of 0.90. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts' consensus estimates of $6.41 by ($0.50). The firm 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%. Martin Marietta Materials's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.94 earnings per share. On average, research analysts anticipate that Martin Marietta Materials, Inc. will post 17.84 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be paid a $0.79 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.54%. Martin Marietta Materials's payout ratio is currently 9.85%.

Analyst Upgrades and Downgrades

A number of analysts have commented on MLM shares. Barclays upped their target price on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. UBS Group initiated coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They set a "buy" rating and a $730.00 target price on the stock. Stephens reduced their price target on Martin Marietta Materials from $650.00 to $610.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. Truist Financial lowered their price objective on Martin Marietta Materials from $700.00 to $670.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, Jefferies Financial Group cut their price objective 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. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Martin Marietta Materials has a consensus rating of "Moderate Buy" and an average target price 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.