Midwest Capital Advisors LLC Takes $47,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Midwest Capital Advisors LLC acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 92 shares of the construction company’s stock, valued at approximately $47,000.

Other large investors have also recently made changes to their positions in the company. First Personal Financial Services bought a new stake in Martin Marietta Materials during the 3rd quarter valued at approximately $33,000. Kestra Investment Management LLC bought a new stake in Martin Marietta Materials during the 4th quarter valued at approximately $35,000. Retirement Wealth Solutions LLC bought a new stake in Martin Marietta Materials during the 4th quarter valued at approximately $41,000. R Squared Ltd bought a new stake in Martin Marietta Materials during the 4th quarter valued at approximately $41,000. Finally, Larson Financial Group LLC bought a new stake in Martin Marietta Materials during the 3rd quarter valued at approximately $49,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MLM has been the topic of several recent analyst reports. Loop Capital decreased their target price on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $515.00 to $640.00 in a research note on Wednesday, November 27th. BNP Paribas downgraded Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Barclays reduced their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $639.43.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $489.94 on Monday. Martin Marietta Materials, Inc. has a fifty-two week low of $482.72 and a fifty-two week high of $633.23. The company has a market cap of $29.95 billion, a P/E ratio of 15.15, a P/E/G ratio of 4.45 and a beta of 0.91. The business’s 50 day moving average price is $530.12 and its 200-day moving average price is $547.14. 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 (NYSE:MLM) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Martin Marietta Materials 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.