Whipplewood Advisors LLC Buys New Shares in Martin Marietta Materials, Inc. (NYSE:MLM)

Whipplewood Advisors LLC purchased a new position in Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62 shares of the construction company’s stock, valued at approximately $32,000.

A number of other large investors have also bought and sold shares of MLM. NewEdge Wealth LLC grew its stake in shares of Martin Marietta Materials by 0.8% in the 4th quarter. NewEdge Wealth LLC now owns 5,422 shares of the construction company’s stock valued at $2,800,000 after buying an additional 41 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Martin Marietta Materials by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,236 shares of the construction company’s stock worth $2,704,000 after acquiring an additional 38 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in Martin Marietta Materials by 1.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company’s stock valued at $690,000 after acquiring an additional 19 shares during the period. FFT Wealth Management LLC increased its holdings in shares of Martin Marietta Materials by 3.1% during the fourth quarter. FFT Wealth Management LLC now owns 1,283 shares of the construction company’s stock valued at $663,000 after acquiring an additional 38 shares in the last quarter. Finally, CWS Financial Advisors LLC raised its position in shares of Martin Marietta Materials by 9.9% during the fourth quarter. CWS Financial Advisors LLC now owns 790 shares of the construction company’s stock worth $408,000 after purchasing an additional 71 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $483.06 on Friday. The company has a market capitalization of $29.45 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. The company’s 50-day moving average is $525.13 and its 200 day moving average is $545.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a fifty-two week low of $475.10 and a fifty-two week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MLM. Truist Financial reduced their price target on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Loop Capital reduced their price objective on shares of Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating for the company in a report on Thursday, February 13th. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a report on Wednesday, December 11th. StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Citigroup lowered 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average target price of $639.43.

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.