Weaver Capital Management LLC Buys 185 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Weaver Capital Management LLC grew its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 4.4% during the fourth quarter, HoldingsChannel reports. The firm owned 4,427 shares of the construction company’s stock after buying an additional 185 shares during the quarter. Weaver Capital Management LLC’s holdings in Martin Marietta Materials were worth $2,287,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of MLM. Asset Dedication LLC increased its position in Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares during the period. First Personal Financial Services bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth about $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter valued at about $41,000. R Squared Ltd bought a new stake in shares of Martin Marietta Materials in the fourth quarter valued at about $41,000. Finally, Larson Financial Group LLC acquired a new stake in Martin Marietta Materials during the third quarter worth about $49,000. 95.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MLM. Wolfe Research raised Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a report on Wednesday, January 8th. Loop Capital raised their price target on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup lowered their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. UBS Group assumed coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price for the company. Finally, Barclays increased their price objective on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $648.71.

Martin Marietta Materials Trading Up 0.3 %

NYSE:MLM opened at $537.29 on Wednesday. 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 business’s 50-day simple moving average is $543.87 and its 200-day simple moving average is $550.58. Martin Marietta Materials, Inc. has a fifty-two week low of $490.05 and a fifty-two week high of $633.23. The stock has a market capitalization of $32.84 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 4.60 and a beta of 0.91.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s payout ratio is currently 9.85%.

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.