1,553 Shares in Martin Marietta Materials, Inc. $MLM Purchased by Worthington Financial Partners LLC

Worthington Financial Partners LLC bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,553 shares of the construction company’s stock, valued at approximately $967,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lido Advisors LLC grew its stake in shares of Martin Marietta Materials by 0.8% in the fourth quarter. Lido Advisors LLC now owns 1,920 shares of the construction company’s stock worth $1,209,000 after acquiring an additional 15 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in Martin Marietta Materials by 3.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company’s stock valued at $264,000 after purchasing an additional 16 shares during the period. Harbour Investments Inc. lifted its position in Martin Marietta Materials by 31.4% during the fourth quarter. Harbour Investments Inc. now owns 67 shares of the construction company’s stock valued at $42,000 after purchasing an additional 16 shares during the period. Quadrant Capital Group LLC boosted its holdings in Martin Marietta Materials by 0.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,186 shares of the construction company’s stock worth $1,361,000 after purchasing an additional 17 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in Martin Marietta Materials by 2.6% in the fourth quarter. Fiduciary Alliance LLC now owns 702 shares of the construction company’s stock worth $437,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MLM. Jefferies Financial Group reaffirmed a “buy” rating and issued a $785.00 target price on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Royal Bank Of Canada lowered their price target on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating on the stock in a report on Monday, May 4th. B. Riley Financial upgraded Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price target on the stock in a research note on Thursday, April 2nd. Weiss Ratings lowered Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 8th. Finally, Wall Street Zen cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $681.94.

Martin Marietta Materials Stock Performance

MLM opened at $609.20 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. The company has a market cap of $36.58 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 2.58 and a beta of 1.10. The company’s 50 day moving average is $589.25 and its 200 day moving average is $618.24. Martin Marietta Materials, Inc. has a 12-month low of $525.38 and a 12-month high of $710.97.

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

Martin Marietta Materials Announces Dividend

The firm 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. The ex-dividend date of this dividend is Monday, June 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. Martin Marietta Materials’s payout ratio is presently 7.91%.

Martin Marietta Materials Profile

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.