Bleakley Financial Group LLC acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 967 shares of the construction company’s stock, valued at approximately $327,000.
Other large investors have also recently bought and sold shares of the company. Fiduciary Alliance LLC acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $28,000. Ronald Blue Trust Inc. increased its position in Martin Marietta Materials by 64.9% in the fourth quarter. Ronald Blue Trust Inc. now owns 94 shares of the construction company’s stock worth $31,000 after buying an additional 37 shares during the period. Concord Wealth Partners bought a new stake in Martin Marietta Materials in the fourth quarter valued at $34,000. Arcus Capital Partners LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter valued at $35,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Martin Marietta Materials during the third quarter worth about $45,000. Institutional investors own 93.07% of the company’s stock.
Martin Marietta Materials Trading Down 0.3 %
Shares of NYSE:MLM opened at $396.36 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.40 and a current ratio of 2.12. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.06 and a beta of 0.87. Martin Marietta Materials, Inc. has a 1-year low of $284.99 and a 1-year high of $402.25. The company has a 50 day moving average price of $351.19 and a 200 day moving average price of $351.01.
Martin Marietta Materials Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 6th were paid a $0.66 dividend. The ex-dividend date was Friday, March 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 0.67%. Martin Marietta Materials’s dividend payout ratio is currently 17.04%.
Analysts Set New Price Targets
Several brokerages recently weighed in on MLM. Loop Capital lifted their price objective on shares of Martin Marietta Materials from $450.00 to $475.00 in a research report on Friday. The Goldman Sachs Group raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $420.00 to $428.00 in a report on Monday, April 3rd. StockNews.com initiated coverage on Martin Marietta Materials in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Atlantic Securities lowered Martin Marietta Materials from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $375.00 to $350.00 in a research report on Tuesday, January 24th. Finally, Morgan Stanley lowered their price target on Martin Marietta Materials from $390.00 to $386.00 and set an “equal weight” rating on the stock in a report on Thursday, April 20th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $411.50.
About Martin Marietta Materials
Martin Marietta Materials, Inc engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographical segments: East Group and West Group. The East Group segments provide aggregated products only.
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