GHP Investment Advisors Inc. Has $13.33 Million Position in Martin Marietta Materials, Inc. $MLM

GHP Investment Advisors Inc. grew its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,643 shares of the construction company’s stock after buying an additional 1,604 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Martin Marietta Materials were worth $13,330,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its holdings in Martin Marietta Materials by 6.6% during the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock worth $379,000 after acquiring an additional 49 shares in the last quarter. Empowered Funds LLC increased its position in shares of Martin Marietta Materials by 11.4% during the 1st quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock worth $673,000 after purchasing an additional 144 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Martin Marietta Materials by 11.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after purchasing an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Martin Marietta Materials by 205.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company’s stock worth $143,000 after purchasing an additional 175 shares in the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of Martin Marietta Materials by 22.6% during the 2nd quarter. Cresset Asset Management LLC now owns 777 shares of the construction company’s stock worth $427,000 after purchasing an additional 143 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup cut their price objective on Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating for the company in a report on Monday, May 4th. Berenberg Bank set a $556.00 price target on shares of Martin Marietta Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Wall Street Zen cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Jefferies Financial Group restated a “buy” rating and set a $785.00 price objective on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Finally, UBS Group set a $739.00 target price on shares of Martin Marietta Materials in a report on Sunday, May 10th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $681.94.

Martin Marietta Materials Stock Up 1.9%

MLM stock opened at $628.56 on Friday. Martin Marietta Materials, Inc. has a 1-year low of $525.38 and a 1-year high of $710.97. The business’s 50 day simple moving average is $588.02 and its 200 day simple moving average is $618.21. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $37.74 billion, a PE ratio of 14.98, a PEG ratio of 2.62 and a beta of 1.10.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $1.90 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 19.41 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. Stockholders of record on Monday, June 1st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 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.