MQS Management LLC Invests $512,000 in Martin Marietta Materials, Inc. $MLM

MQS Management LLC acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 869 shares of the construction company’s stock, valued at approximately $512,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optima Capital LLC purchased a new stake in Martin Marietta Materials in the fourth quarter worth about $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Martin Marietta Materials in the 3rd quarter worth approximately $27,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the 4th quarter worth approximately $31,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Martin Marietta Materials in the 4th quarter worth approximately $36,000. Finally, Reflection Asset Management bought a new position in Martin Marietta Materials during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. B. Riley Financial raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 target price on the stock in a research note on Thursday, April 2nd. Royal Bank Of Canada lowered their price target 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. Citigroup cut their price objective on shares of Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Oppenheimer assumed coverage on shares of Martin Marietta Materials in a research note on Thursday, May 28th. They set a “market perform” rating for the company. Finally, Zacks Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average price target of $681.94.

Get Our Latest Research Report on MLM

Martin Marietta Materials Trading Down 0.9%

Shares of NYSE:MLM opened at $575.74 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11. Martin Marietta Materials, Inc. has a 1 year low of $525.38 and a 1 year high of $710.97. The company has a market cap of $34.57 billion, a P/E ratio of 13.72, a PEG ratio of 2.47 and a beta of 1.10. The stock’s fifty day moving average price is $586.45 and its 200-day moving average price is $617.60.

Martin Marietta Materials (NYSE:MLMGet Free Report) last released 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 the consensus estimate 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 for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the company earned $1.90 EPS. Sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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

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Martin Marietta Materials Profile

(Free Report)

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.

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

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