Orion Porfolio Solutions LLC Purchases 836 Shares of Martin Marietta Materials, Inc. $MLM

Orion Porfolio Solutions LLC increased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 20.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,870 shares of the construction company’s stock after buying an additional 836 shares during the period. Orion Porfolio Solutions LLC’s holdings in Martin Marietta Materials were worth $2,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Martin Marietta Materials by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,955,139 shares of the construction company’s stock worth $1,622,254,000 after purchasing an additional 10,445 shares during the last quarter. State Street Corp lifted its stake in shares of Martin Marietta Materials by 2.0% in the 2nd quarter. State Street Corp now owns 2,825,325 shares of the construction company’s stock valued at $1,550,990,000 after purchasing an additional 56,353 shares during the last quarter. Bank of America Corp DE boosted its holdings in Martin Marietta Materials by 31.9% in the second quarter. Bank of America Corp DE now owns 2,340,677 shares of the construction company’s stock worth $1,284,938,000 after purchasing an additional 565,856 shares in the last quarter. Amundi boosted its holdings in Martin Marietta Materials by 9.2% in the first quarter. Amundi now owns 1,706,416 shares of the construction company’s stock worth $827,345,000 after purchasing an additional 144,270 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Martin Marietta Materials by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,520,932 shares of the construction company’s stock worth $831,331,000 after buying an additional 4,666 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $627.65 on Friday. The company has a market cap of $37.85 billion, a price-to-earnings ratio of 33.09 and a beta of 1.16. The business has a 50 day moving average price of $618.55 and a 200 day moving average price of $598.16. The company has a quick ratio of 2.07, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $665.18.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly 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). The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $2.06 billion. Martin Marietta Materials had a return on equity of 11.68% and a net margin of 17.34%. Research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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

Analyst Ratings Changes

MLM has been the subject of a number of analyst reports. Barclays boosted their price target on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Stifel Nicolaus boosted their target price on Martin Marietta Materials from $637.00 to $681.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. UBS Group upped their target price on Martin Marietta Materials from $705.00 to $723.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. increased their price target on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Finally, Wells Fargo & Company dropped their price target on shares of Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $650.31.

Martin Marietta Materials Company 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.