Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by First American Bank

First American Bank boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 19.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,941 shares of the construction company’s stock after purchasing an additional 318 shares during the period. First American Bank’s holdings in Martin Marietta Materials were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in Martin Marietta Materials in the fourth quarter worth $32,000. First Personal Financial Services bought a new position in shares of Martin Marietta Materials in the third quarter worth $33,000. Kestra Investment Management LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth $35,000. Retirement Wealth Solutions LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth $41,000. Finally, R Squared Ltd bought a new position in shares of Martin Marietta Materials in the fourth quarter worth $41,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MLM has been the subject of several recent analyst reports. Citigroup decreased their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Loop Capital decreased their price target on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Truist Financial decreased their price target on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Barclays decreased their target price on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $639.43.

Martin Marietta Materials Stock Down 1.6 %

Shares of Martin Marietta Materials stock opened at $483.06 on Friday. Martin Marietta Materials, Inc. has a 1 year low of $482.14 and a 1 year high of $633.23. The stock has a 50-day moving average price of $527.00 and a 200 day moving average price of $546.10. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The company has a market cap of $29.52 billion, a P/E ratio of 14.94, a P/E/G ratio of 4.45 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. As a group, analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is presently 9.77%.

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.