NewEdge Wealth LLC Boosts Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

NewEdge Wealth LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,422 shares of the construction company’s stock after acquiring an additional 41 shares during the quarter. NewEdge Wealth LLC’s holdings in Martin Marietta Materials were worth $2,800,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services acquired a new stake in shares of Martin Marietta Materials during the third quarter worth about $33,000. Kestra Investment Management LLC acquired a new position in Martin Marietta Materials in the fourth quarter valued at approximately $35,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $41,000. R Squared Ltd purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at approximately $41,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Martin Marietta Materials during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 0.1 %

Martin Marietta Materials stock opened at $483.06 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $475.10 and a twelve month high of $633.23. The stock has a 50 day moving average of $526.15 and a two-hundred day moving average of $545.66. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $29.52 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 4.45 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm 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 $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.65%. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Analyst Upgrades and Downgrades

MLM has been the topic of a number of recent research reports. StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Morgan Stanley decreased their target price on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Barclays cut their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target on the stock in a report on Wednesday, December 11th. Finally, Stephens dropped their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $639.43.

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.