Martin Marietta Materials, Inc. (NYSE:MLM) Stock Position Raised by Quest Partners LLC

Quest Partners LLC increased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5,856.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 953 shares of the construction company’s stock after acquiring an additional 937 shares during the quarter. Quest Partners LLC’s holdings in Martin Marietta Materials were worth $516,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Martin Marietta Materials in the 4th quarter worth approximately $25,000. Riverview Trust Co acquired a new stake in Martin Marietta Materials in the first quarter worth $26,000. Redmont Wealth Advisors LLC bought a new stake in Martin Marietta Materials in the first quarter valued at $31,000. Fortitude Family Office LLC lifted its stake in Martin Marietta Materials by 186.4% in the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock valued at $34,000 after buying an additional 41 shares during the last quarter. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Martin Marietta Materials during the first quarter valued at $41,000. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MLM shares. Loop Capital dropped their price objective on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Morgan Stanley increased their price objective on Martin Marietta Materials from $610.00 to $657.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Jefferies Financial Group lifted their target price on Martin Marietta Materials from $660.00 to $665.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus decreased their price target on Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $629.82.

Martin Marietta Materials Trading Up 1.5 %

Shares of MLM stock opened at $515.33 on Friday. The stock has a 50-day simple moving average of $542.00 and a 200 day simple moving average of $569.22. The stock has a market capitalization of $31.76 billion, a P/E ratio of 15.27, a P/E/G ratio of 3.43 and a beta of 0.91. Martin Marietta Materials, Inc. has a fifty-two week low of $389.90 and a fifty-two week high of $626.67. The company has a quick ratio of 0.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.45.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $4.76 earnings per share for the quarter, missing the consensus estimate of $5.36 by ($0.60). The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. Martin Marietta Materials had a net margin of 30.80% and a return on equity of 13.85%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $5.60 EPS. On average, sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.59 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be given a $0.79 dividend. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.74. The ex-dividend date is Tuesday, September 3rd. This represents a $3.16 annualized dividend and a yield of 0.61%. Martin Marietta Materials’s payout ratio is 9.36%.

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.