Dohj LLC Makes New Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

Dohj LLC acquired a new position in Martin Marietta Materials, Inc. (NYSE:MLM) in the 1st quarter, Holdings Channel.com reports. The firm acquired 1,520 shares of the construction company’s stock, valued at approximately $933,000.

Several other large investors have also recently bought and sold shares of the business. Global Assets Advisory LLC purchased a new position in shares of Martin Marietta Materials in the first quarter valued at $22,265,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Martin Marietta Materials by 25.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,562 shares of the construction company’s stock valued at $4,272,000 after buying an additional 1,728 shares in the last quarter. Brevan Howard Capital Management LP increased its position in shares of Martin Marietta Materials by 49.7% in the fourth quarter. Brevan Howard Capital Management LP now owns 5,672 shares of the construction company’s stock valued at $2,830,000 after buying an additional 1,882 shares in the last quarter. Simplicity Solutions LLC increased its position in shares of Martin Marietta Materials by 166.1% in the fourth quarter. Simplicity Solutions LLC now owns 2,725 shares of the construction company’s stock valued at $1,360,000 after buying an additional 1,701 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Martin Marietta Materials by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,170,166 shares of the construction company’s stock valued at $3,577,268,000 after buying an additional 69,701 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Truist Financial raised their price target on Martin Marietta Materials from $610.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $600.00 price objective (up previously from $530.00) on shares of Martin Marietta Materials in a research report on Friday, March 22nd. Wolfe Research cut Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Stifel Nicolaus lifted their price objective on Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, The Goldman Sachs Group lifted their price objective on Martin Marietta Materials from $642.00 to $737.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $610.27.

Martin Marietta Materials Trading Up 0.8 %

Shares of NYSE MLM traded up $4.37 during midday trading on Friday, hitting $542.66. The stock had a trading volume of 116,374 shares, compared to its average volume of 418,025. The company has a market capitalization of $33.45 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.37 and a beta of 0.93. Martin Marietta Materials, Inc. has a 1-year low of $389.90 and a 1-year high of $626.67. The company has a quick ratio of 2.41, a current ratio of 3.16 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $574.87 and a 200 day moving average price of $555.70.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.05. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. On average, analysts predict that Martin Marietta Materials, Inc. will post 23.1 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, June 3rd. Martin Marietta Materials’s dividend payout ratio is currently 8.77%.

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.