Martin Marietta Materials, Inc. (NYSE:MLM) Stock Holdings Boosted by FFT Wealth Management LLC

FFT Wealth Management LLC increased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,283 shares of the construction company’s stock after acquiring an additional 38 shares during the period. FFT Wealth Management LLC’s holdings in Martin Marietta Materials were worth $663,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MLM. CWS Financial Advisors LLC increased its stake in shares of Martin Marietta Materials by 9.9% in the fourth quarter. CWS Financial Advisors LLC now owns 790 shares of the construction company’s stock valued at $408,000 after purchasing an additional 71 shares during the period. Skylands Capital LLC grew its holdings in Martin Marietta Materials by 15.2% in the 4th quarter. Skylands Capital LLC now owns 10,425 shares of the construction company’s stock worth $5,385,000 after buying an additional 1,375 shares in the last quarter. Edge Capital Group LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at approximately $217,000. IFP Advisors Inc raised its stake in Martin Marietta Materials by 2.9% during the 4th quarter. IFP Advisors Inc now owns 965 shares of the construction company’s stock valued at $507,000 after acquiring an additional 27 shares in the last quarter. Finally, Midwest Capital Advisors LLC acquired a new position in Martin Marietta Materials during the 4th quarter worth $47,000. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MLM. UBS Group assumed coverage on Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 price target on the stock. Raymond James lowered their target price on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Truist Financial reduced their price target on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus target price of $639.43.

Martin Marietta Materials Stock Down 0.2 %

NYSE:MLM opened at $489.72 on Wednesday. The business’s fifty day moving average price is $528.99 and its 200 day moving average price is $546.80. The firm has a market capitalization of $29.93 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 4.45 and a beta of 0.91. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 1-year low of $482.72 and a 1-year high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Martin Marietta Materials 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.