Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lifted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 38.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,208 shares of the construction company’s stock after acquiring an additional 891 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Martin Marietta Materials were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. boosted its stake in Martin Marietta Materials by 411.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock valued at $25,000 after purchasing an additional 37 shares in the last quarter. Asset Dedication LLC lifted its holdings in shares of Martin Marietta Materials by 1,300.0% in the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares during the period. First Personal Financial Services bought a new position in Martin Marietta Materials during the third quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new position in Martin Marietta Materials during the fourth quarter worth about $41,000. Finally, Larson Financial Group LLC bought a new stake in Martin Marietta Materials in the third quarter worth about $49,000. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Trading Down 0.2 %

Shares of NYSE:MLM opened at $548.53 on Friday. The firm has a fifty day moving average of $552.29 and a two-hundred day moving average of $551.27. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. The firm has a market capitalization of $33.53 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 3.23 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the firm earned $6.94 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities analysts expect that Martin Marietta Materials, Inc. will post 17.57 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Monday, December 2nd. Martin Marietta Materials’s payout ratio is presently 9.85%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MLM shares. Jefferies Financial Group reduced their price objective on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Barclays upped their price target on Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Citigroup reduced their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Morgan Stanley cut their target price on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.