Rockefeller Capital Management L.P. Acquires 3,554 Shares of Martin Marietta Materials, Inc. $MLM

Rockefeller Capital Management L.P. grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 32.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,382 shares of the construction company’s stock after buying an additional 3,554 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Martin Marietta Materials were worth $8,955,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Optima Capital LLC bought a new stake in Martin Marietta Materials during the 4th quarter valued at $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Martin Marietta Materials in the third quarter worth $27,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth $31,000. Reflection Asset Management purchased a new position in shares of Martin Marietta Materials in the fourth quarter valued at $35,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Martin Marietta Materials in the fourth quarter valued at $36,000. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $628.56 on Friday. The business’s 50-day moving average price is $588.02 and its two-hundred day moving average price is $618.21. Martin Marietta Materials, Inc. has a twelve month low of $525.38 and a twelve month high of $710.97. The stock has a market cap of $37.74 billion, a P/E ratio of 14.98, a PEG ratio of 2.62 and a beta of 1.10. The company has a quick ratio of 1.11, a current ratio of 2.28 and a debt-to-equity ratio of 0.47.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.Martin Marietta Materials’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 earnings per share. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 19.41 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is presently 7.91%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. B. Riley Financial raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective on the stock in a report on Thursday, April 2nd. UBS Group set a $739.00 target price on Martin Marietta Materials in a report on Sunday, May 10th. Oppenheimer started coverage on Martin Marietta Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Morgan Stanley lowered their price target on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $785.00 price objective on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $681.94.

Martin Marietta Materials Company 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.