Versor Investments LP Acquires New Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Versor Investments LP bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 500 shares of the construction company’s stock, valued at approximately $269,000.

Several other large investors have also recently bought and sold shares of MLM. Ameritas Advisory Services LLC grew its stake in Martin Marietta Materials by 2.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 664 shares of the construction company’s stock worth $360,000 after buying an additional 18 shares in the last quarter. Inspire Investing LLC lifted its stake in Martin Marietta Materials by 0.9% during the third quarter. Inspire Investing LLC now owns 2,126 shares of the construction company’s stock worth $1,144,000 after purchasing an additional 19 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Martin Marietta Materials by 13.6% in the 2nd quarter. Mather Group LLC. now owns 167 shares of the construction company’s stock worth $90,000 after purchasing an additional 20 shares in the last quarter. TFG Advisers LLC increased its position in shares of Martin Marietta Materials by 3.7% during the 2nd quarter. TFG Advisers LLC now owns 555 shares of the construction company’s stock valued at $300,000 after purchasing an additional 20 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its holdings in shares of Martin Marietta Materials by 3.0% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 680 shares of the construction company’s stock valued at $368,000 after buying an additional 20 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on MLM. Jefferies Financial Group cut their target price on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Morgan Stanley increased their target price on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the company an “overweight” rating in a report on Monday, August 26th. BNP Paribas raised shares of Martin Marietta Materials to a “strong-buy” rating in a research note on Thursday, September 19th. Barclays raised their price objective on Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Stephens lowered their target price on Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average price target of $634.85.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock opened at $583.03 on Friday. The company has a market cap of $35.63 billion, a PE ratio of 18.17, a P/E/G ratio of 4.04 and a beta of 0.90. The business has a 50 day moving average of $557.57 and a 200 day moving average of $556.88. Martin Marietta Materials, Inc. has a 52 week low of $451.37 and a 52 week high of $633.23. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing the consensus estimate of $6.41 by ($0.50). The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.94 earnings per share. As a group, equities research analysts forecast that Martin Marietta Materials, Inc. will post 17.84 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Monday, December 2nd. Martin Marietta Materials’s payout ratio is presently 9.85%.

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.