Bokf Na Buys 277 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Bokf Na boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 15.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,082 shares of the construction company’s stock after acquiring an additional 277 shares during the quarter. Bokf Na’s holdings in Martin Marietta Materials were worth $1,128,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its stake in Martin Marietta Materials by 3.1% in the 4th quarter. Gilbert & Cook Inc. now owns 1,436 shares of the construction company’s stock valued at $716,000 after buying an additional 43 shares during the last quarter. 9258 Wealth Management LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at $203,000. Private Advisor Group LLC increased its stake in Martin Marietta Materials by 53.3% in the 4th quarter. Private Advisor Group LLC now owns 1,202 shares of the construction company’s stock valued at $600,000 after buying an additional 418 shares during the last quarter. NorthRock Partners LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at $269,000. Finally, Brown Advisory Inc. increased its stake in Martin Marietta Materials by 2.0% in the 4th quarter. Brown Advisory Inc. now owns 3,248 shares of the construction company’s stock valued at $1,620,000 after buying an additional 63 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $520.68 on Monday. The company has a market capitalization of $32.09 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 3.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.94 and a current ratio of 1.86. The company has a 50-day simple moving average of $541.32 and a 200 day simple moving average of $568.70. Martin Marietta Materials, Inc. has a 52 week low of $389.90 and a 52 week high of $626.67.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Thursday, August 8th. The construction company reported $4.76 EPS for the quarter, missing the consensus estimate of $5.36 by ($0.60). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. Martin Marietta Materials had a return on equity of 13.85% and a net margin of 30.80%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $5.60 EPS. On average, sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.33 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

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

Analysts Set New Price Targets

MLM has been the topic of several recent research reports. Citigroup lowered their price target on shares of Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Morgan Stanley boosted their price objective on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Stifel Nicolaus lowered their price objective on shares of Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Jefferies Financial Group boosted their price objective on shares of Martin Marietta Materials from $660.00 to $665.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Truist Financial lowered their price objective on shares of Martin Marietta Materials from $700.00 to $670.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average target price of $629.82.

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.