Tidal Investments LLC Has $4.31 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Tidal Investments LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 89.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,008 shares of the construction company's stock after purchasing an additional 3,778 shares during the period. Tidal Investments LLC's holdings in Martin Marietta Materials were worth $4,310,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. grew its position in 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 acquiring an additional 37 shares in the last quarter. Asset Dedication LLC raised its position in shares of Martin Marietta Materials by 1,300.0% during the third 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 last quarter. First Personal Financial Services acquired a new position in Martin Marietta Materials in the 3rd quarter valued at approximately $33,000. Rothschild Investment LLC bought a new position in Martin Marietta Materials in the second quarter worth $43,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at about $49,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 1.1 %

Shares of MLM stock traded down $5.90 during trading hours on Friday, reaching $550.92. The company had a trading volume of 297,362 shares, compared to its average volume of 443,841. Martin Marietta Materials, Inc. has a 1-year low of $479.67 and a 1-year high of $633.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The firm has a market cap of $33.67 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 3.80 and a beta of 0.89. The company has a 50 day moving average of $578.63 and a 200 day moving average of $555.97.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing the consensus estimate of $6.41 by ($0.50). The company 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% compared to the same quarter last year. During the same period in the previous year, the company posted $6.94 EPS. On average, equities research analysts anticipate that Martin Marietta Materials, Inc. will post 17.58 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 2nd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, December 2nd. Martin Marietta Materials's dividend payout ratio is currently 9.85%.

Analyst Ratings Changes

Several analysts recently commented on the company. HSBC raised Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price target on the stock in a research note on Wednesday. StockNews.com raised Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Monday, December 2nd. Hsbc Global Res raised shares of Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a report on Wednesday. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $515.00 to $640.00 in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their price target on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the company an "overweight" rating in a research note on Monday, August 26th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $655.77.

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.