Martin Marietta Materials, Inc. (NYSE:MLM) Stock Holdings Raised by Interval Partners LP

Interval Partners LP boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 117.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,810 shares of the construction company’s stock after purchasing an additional 51,749 shares during the quarter. Martin Marietta Materials comprises about 1.6% of Interval Partners LP’s investment portfolio, making the stock its 7th largest position. Interval Partners LP owned about 0.16% of Martin Marietta Materials worth $58,822,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Schear Investment Advisers LLC lifted its position in shares of Martin Marietta Materials by 1.2% during the fourth quarter. Schear Investment Advisers LLC now owns 1,647 shares of the construction company’s stock valued at $822,000 after buying an additional 20 shares during the last quarter. Parallel Advisors LLC grew its stake in Martin Marietta Materials by 1.8% in the 4th quarter. Parallel Advisors LLC now owns 1,170 shares of the construction company’s stock valued at $584,000 after acquiring an additional 21 shares during the period. Pitcairn Co. grew its stake in Martin Marietta Materials by 5.0% in the 1st quarter. Pitcairn Co. now owns 442 shares of the construction company’s stock valued at $271,000 after acquiring an additional 21 shares during the period. Independence Bank of Kentucky grew its stake in Martin Marietta Materials by 16.9% in the 4th quarter. Independence Bank of Kentucky now owns 152 shares of the construction company’s stock valued at $76,000 after acquiring an additional 22 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in Martin Marietta Materials by 5.0% during the 4th quarter. Global Retirement Partners LLC now owns 460 shares of the construction company’s stock worth $228,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MLM shares. StockNews.com downgraded Martin Marietta Materials from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. The Goldman Sachs Group increased their price objective on Martin Marietta Materials from $642.00 to $737.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Loop Capital decreased their price target on Martin Marietta Materials from $710.00 to $630.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Jefferies Financial Group increased their price target on Martin Marietta Materials from $660.00 to $665.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Citigroup reduced their target price on Martin Marietta Materials from $696.00 to $658.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $628.91.

Martin Marietta Materials Stock Performance

Shares of MLM stock traded up $8.17 during mid-day trading on Tuesday, reaching $585.02. The stock had a trading volume of 478,654 shares, compared to its average volume of 436,875. The firm’s 50 day simple moving average is $555.26 and its 200 day simple moving average is $565.63. The company has a quick ratio of 2.41, a current ratio of 3.16 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a one year low of $389.90 and a one year high of $626.67. The firm has a market cap of $36.06 billion, a PE ratio of 17.42, a P/E/G ratio of 3.01 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.88 by $0.05. Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $2.16 EPS. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, analysts forecast that Martin Marietta Materials, Inc. will post 22.86 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 3rd were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, June 3rd. Martin Marietta Materials’s dividend payout ratio is 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.