King Luther Capital Management Corp Buys 5,025 Shares of Martin Marietta Materials, Inc. $MLM

King Luther Capital Management Corp lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 690,128 shares of the construction company’s stock after purchasing an additional 5,025 shares during the quarter. Martin Marietta Materials comprises 1.7% of King Luther Capital Management Corp’s investment portfolio, making the stock its 11th biggest holding. King Luther Capital Management Corp’s holdings in Martin Marietta Materials were worth $429,715,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MLM. Cary Street Partners Investment Advisory LLC boosted its position in shares of Martin Marietta Materials by 26.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 289 shares of the construction company’s stock worth $180,000 after purchasing an additional 60 shares in the last quarter. Harbour Investments Inc. increased its holdings in Martin Marietta Materials by 31.4% in the 4th quarter. Harbour Investments Inc. now owns 67 shares of the construction company’s stock worth $42,000 after buying an additional 16 shares in the last quarter. Allstate Corp grew its stake in shares of Martin Marietta Materials by 91.2% in the fourth quarter. Allstate Corp now owns 4,614 shares of the construction company’s stock worth $2,873,000 after acquiring an additional 2,201 shares during the period. CYBER HORNET ETFs LLC raised its stake in Martin Marietta Materials by 29.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 222 shares of the construction company’s stock valued at $138,000 after buying an additional 51 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Martin Marietta Materials by 4.7% in the fourth quarter. Clearstead Advisors LLC now owns 4,086 shares of the construction company’s stock valued at $2,544,000 after acquiring an additional 182 shares during the period. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Raymond James Financial set a $690.00 price target on shares of Martin Marietta Materials in a research note on Monday, April 27th. Royal Bank Of Canada cut their price objective on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating for the company in a report on Monday, May 4th. Wall Street Zen upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays lowered their price objective on shares of Martin Marietta Materials from $675.00 to $640.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Finally, DA Davidson set a $680.00 target price on Martin Marietta Materials in a report on Thursday, February 12th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $689.81.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM opened at $561.20 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. The firm’s 50 day simple moving average is $591.02 and its 200-day simple moving average is $621.86. The firm has a market cap of $33.70 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13. Martin Marietta Materials, Inc. has a one year low of $525.38 and a one year high of $710.97.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $1.90 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 19.32 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is 7.91%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.