Ameritas Advisory Services LLC Acquires 172 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Ameritas Advisory Services LLC raised its position in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 635 shares of the construction company’s stock after acquiring an additional 172 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Martin Marietta Materials were worth $328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Martin Marietta Materials by 23.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after purchasing an additional 506,705 shares in the last quarter. FMR LLC increased its holdings in Martin Marietta Materials by 15.3% during the third quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock valued at $1,353,936,000 after buying an additional 334,605 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Martin Marietta Materials by 76.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock worth $876,648,000 after purchasing an additional 704,460 shares during the period. Franklin Resources Inc. raised its stake in shares of Martin Marietta Materials by 1.9% in the third quarter. Franklin Resources Inc. now owns 534,801 shares of the construction company’s stock worth $295,397,000 after buying an additional 9,908 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Martin Marietta Materials by 54.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock valued at $251,784,000 after purchasing an additional 164,503 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Trading Down 0.2 %

NYSE:MLM opened at $548.53 on Friday. Martin Marietta Materials, Inc. has a 52-week low of $490.05 and a 52-week high of $633.23. The company has a market capitalization of $33.53 billion, a PE ratio of 17.09, a P/E/G ratio of 3.23 and a beta of 0.91. The stock’s 50 day moving average price is $552.29 and its 200 day moving average price is $551.27. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials (NYSE:MLMGet Free Report) last released its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $6.94 earnings per share. Martin Marietta Materials’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts anticipate that Martin Marietta Materials, Inc. will post 17.57 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.58%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.85%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MLM. Jefferies Financial Group cut their price objective on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Citigroup lowered their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Morgan Stanley dropped their price target on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Barclays boosted their target price on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $648.71.

Get Our Latest Stock Analysis on Martin Marietta Materials

Martin Marietta Materials Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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