Stephens Inc. AR Acquires 4,785 Shares of Martin Marietta Materials, Inc. $MLM

Stephens Inc. AR lifted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 9.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,111 shares of the construction company’s stock after buying an additional 4,785 shares during the period. Stephens Inc. AR owned about 0.09% of Martin Marietta Materials worth $33,031,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MLM. Victory Capital Management Inc. boosted its stake in Martin Marietta Materials by 51.8% during the fourth quarter. Victory Capital Management Inc. now owns 2,448,928 shares of the construction company’s stock worth $1,524,853,000 after buying an additional 836,120 shares during the period. Norges Bank purchased a new stake in Martin Marietta Materials in the 4th quarter worth about $354,681,000. Bank of America Corp DE lifted its stake in Martin Marietta Materials by 31.9% in the second quarter. Bank of America Corp DE now owns 2,340,677 shares of the construction company’s stock worth $1,284,938,000 after purchasing an additional 565,856 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Martin Marietta Materials by 241.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 303,031 shares of the construction company’s stock valued at $188,686,000 after buying an additional 214,270 shares during the period. Finally, Interval Partners LP bought a new position in shares of Martin Marietta Materials during the fourth quarter valued at approximately $128,996,000. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

Shares of MLM stock opened at $599.97 on Monday. Martin Marietta Materials, Inc. has a twelve month low of $525.38 and a twelve month high of $710.97. 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 stock has a fifty day simple moving average of $584.98 and a two-hundred day simple moving average of $616.79. The stock has a market capitalization of $36.03 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 2.55 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 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 firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $1.90 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts predict that Martin Marietta Materials, Inc. will post 19.38 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 1st. Martin Marietta Materials’s dividend payout ratio is presently 7.91%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. B. Riley Financial upgraded Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective for the company in a report on Thursday, April 2nd. Berenberg Bank set a $556.00 target price on Martin Marietta Materials and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada decreased their target price on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating for the company in a research report on Monday, May 4th. UBS Group set a $739.00 price target on shares of Martin Marietta Materials in a report on Sunday, May 10th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Martin Marietta Materials in a research note on Monday, June 29th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus price target of $681.94.

About Martin Marietta Materials

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.