O Shaughnessy Asset Management LLC Grows Stock Holdings in Martin Marietta Materials, Inc. $MLM

O Shaughnessy Asset Management LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,475 shares of the construction company’s stock after purchasing an additional 997 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Martin Marietta Materials were worth $7,145,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Lido Advisors LLC lifted its stake in Martin Marietta Materials by 0.8% in the 4th quarter. Lido Advisors LLC now owns 1,920 shares of the construction company’s stock worth $1,209,000 after purchasing an additional 15 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of Martin Marietta Materials by 3.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company’s stock worth $264,000 after buying an additional 16 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Martin Marietta Materials by 31.4% during the 4th quarter. Harbour Investments Inc. now owns 67 shares of the construction company’s stock worth $42,000 after buying an additional 16 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Martin Marietta Materials by 2.6% during the 4th quarter. Fiduciary Alliance LLC now owns 702 shares of the construction company’s stock worth $437,000 after buying an additional 18 shares during the last quarter. Finally, Vise Technologies Inc. increased its holdings in shares of Martin Marietta Materials by 2.5% during the 3rd quarter. Vise Technologies Inc. now owns 731 shares of the construction company’s stock worth $461,000 after buying an additional 18 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MLM. Wall Street Zen downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. UBS Group set a $739.00 target price on shares of Martin Marietta Materials in a report on Sunday, May 10th. Morgan Stanley dropped their target price on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Berenberg Bank set a $556.00 target price on shares of Martin Marietta Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $785.00 price target on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $681.94.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $553.97 on Thursday. The company has a fifty day simple moving average of $590.42 and a two-hundred day simple moving average of $619.45. The company has a market cap of $33.27 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 2.43 and a beta of 1.10. The company has a quick ratio of 1.11, a current ratio of 2.28 and a debt-to-equity ratio of 0.47. Martin Marietta Materials, Inc. has a 52 week low of $525.38 and a 52 week high of $710.97.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 earnings per share. As a group, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Martin Marietta Materials’s payout ratio is 7.91%.

About Martin Marietta Materials

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value?added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready?mixed concrete and related materials and services.