Signaturefd LLC Increases Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Signaturefd LLC increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 9.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 911 shares of the construction company’s stock after buying an additional 76 shares during the period. Signaturefd LLC’s holdings in Martin Marietta Materials were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the 1st quarter valued at approximately $4,309,000. Whitener Capital Management Inc. grew its position in Martin Marietta Materials by 2.5% during the 1st quarter. Whitener Capital Management Inc. now owns 2,865 shares of the construction company’s stock worth $1,370,000 after purchasing an additional 70 shares during the last quarter. CWM LLC boosted its holdings in shares of Martin Marietta Materials by 65.7% in the first quarter. CWM LLC now owns 3,152 shares of the construction company’s stock valued at $1,507,000 after acquiring an additional 1,250 shares in the last quarter. Stephens Inc. AR boosted its holdings in Martin Marietta Materials by 41.8% during the first quarter. Stephens Inc. AR now owns 45,728 shares of the construction company’s stock worth $21,864,000 after buying an additional 13,485 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management raised its position in Martin Marietta Materials by 1.0% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 5,805 shares of the construction company’s stock worth $2,775,000 after acquiring an additional 55 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Wall Street Zen cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Raymond James Financial dropped their price target on shares of Martin Marietta Materials from $600.00 to $597.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Royal Bank Of Canada initiated coverage on shares of Martin Marietta Materials in a report on Monday, June 16th. They issued a “sector perform” rating and a $515.00 target price on the stock. Finally, Seaport Res Ptn upgraded shares of Martin Marietta Materials to a “strong-buy” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $603.86.

Martin Marietta Materials Trading Up 1.2%

Shares of NYSE MLM opened at $552.88 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23. The stock has a market capitalization of $33.33 billion, a PE ratio of 31.85, a PEG ratio of 4.96 and a beta of 0.87. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $552.26 and a 200-day simple moving average of $521.76.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a return on equity of 12.01% and a net margin of 16.07%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 earnings per share. On average, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, June 2nd. Martin Marietta Materials’s dividend payout ratio is presently 18.20%.

About Martin Marietta Materials

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.