Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Czech National Bank

Czech National Bank lifted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,252 shares of the construction company’s stock after purchasing an additional 802 shares during the quarter. Czech National Bank’s holdings in Martin Marietta Materials were worth $6,845,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. RMR Wealth Builders grew its stake in shares of Martin Marietta Materials by 431.3% in the fourth quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock valued at $1,235,000 after buying an additional 1,941 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at about $57,000. Franklin Street Advisors Inc. NC increased its stake in Martin Marietta Materials by 15.5% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock worth $13,037,000 after purchasing an additional 3,384 shares during the period. Hilltop National Bank lifted its position in shares of Martin Marietta Materials by 17.7% during the fourth quarter. Hilltop National Bank now owns 166 shares of the construction company’s stock worth $86,000 after purchasing an additional 25 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its stake in shares of Martin Marietta Materials by 20.5% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 859 shares of the construction company’s stock valued at $444,000 after purchasing an additional 146 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Up 0.9 %

MLM opened at $517.68 on Wednesday. The stock has a market capitalization of $31.64 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 3.74 and a beta of 0.91. Martin Marietta Materials, Inc. has a one year low of $489.90 and a one year high of $633.23. The business’s 50-day simple moving average is $560.90 and its 200-day simple moving average is $551.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $6.94 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. Analysts anticipate that Martin Marietta Materials, Inc. will post 17.58 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were given a dividend of $0.79 per share. The ex-dividend date was Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 0.61%. Martin Marietta Materials’s payout ratio is currently 9.85%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Martin Marietta Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Jefferies Financial Group cut their target price on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. StockNews.com raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Citigroup lowered their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average price target of $643.36.

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.