Gilder Gagnon Howe & Co. LLC Acquires 3,872 Shares of Martin Marietta Materials, Inc. $MLM

Gilder Gagnon Howe & Co. LLC raised its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,575 shares of the construction company’s stock after purchasing an additional 3,872 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.13% of Martin Marietta Materials worth $43,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MLM. Parkside Financial Bank & Trust raised its position in shares of Martin Marietta Materials by 10.4% in the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock valued at $99,000 after buying an additional 17 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in Martin Marietta Materials by 2.5% in the 2nd quarter. Personal CFO Solutions LLC now owns 787 shares of the construction company’s stock valued at $432,000 after acquiring an additional 19 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Martin Marietta Materials by 1.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,205 shares of the construction company’s stock valued at $661,000 after acquiring an additional 21 shares during the period. Fidelis Capital Partners LLC grew its holdings in shares of Martin Marietta Materials by 1.9% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,113 shares of the construction company’s stock worth $666,000 after purchasing an additional 21 shares in the last quarter. Finally, CVA Family Office LLC increased its position in shares of Martin Marietta Materials by 21.4% in the second quarter. CVA Family Office LLC now owns 125 shares of the construction company’s stock worth $69,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MLM shares. UBS Group upped their price objective on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Raymond James Financial boosted their target price on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Morgan Stanley increased their price target on shares of Martin Marietta Materials from $610.00 to $660.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Stifel Nicolaus boosted their price objective on shares of Martin Marietta Materials from $637.00 to $681.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, DA Davidson set a $690.00 target price on Martin Marietta Materials in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus price target of $645.00.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $628.96 on Friday. The stock’s 50-day moving average is $619.07 and its 200-day moving average is $596.10. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $665.18. The company has a current ratio of 2.97, a quick ratio of 2.07 and a debt-to-equity ratio of 0.54. The stock has a market cap of $37.93 billion, a P/E ratio of 33.16 and a beta of 1.16.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing the consensus estimate of $6.62 by ($0.65). Martin Marietta Materials had a return on equity of 11.68% and a net margin of 17.34%.The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.06 billion. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. Martin Marietta Materials’s payout ratio is currently 17.50%.

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.