Heartland Bank & Trust Co Has $390,000 Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Heartland Bank & Trust Co lessened its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 755 shares of the construction company’s stock after selling 31 shares during the quarter. Heartland Bank & Trust Co’s holdings in Martin Marietta Materials were worth $390,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. increased its position in shares of Martin Marietta Materials by 411.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after buying an additional 37 shares during the period. Asset Dedication LLC boosted its position in Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares during the last quarter. First Personal Financial Services acquired a new stake in Martin Marietta Materials during the 3rd quarter worth about $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Martin Marietta Materials in the 4th quarter worth about $41,000. Finally, Larson Financial Group LLC acquired a new position in shares of Martin Marietta Materials in the 3rd quarter valued at about $49,000. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

MLM has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $515.00 to $640.00 in a research report on Wednesday, November 27th. UBS Group started coverage on shares of Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. StockNews.com upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley decreased their price target on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials Trading Down 0.1 %

Shares of Martin Marietta Materials stock opened at $548.40 on Monday. The company has a market capitalization of $33.52 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 3.21 and a beta of 0.91. The stock has a fifty day simple moving average of $550.81 and a 200 day simple moving average of $551.56. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company earned $6.94 EPS. The business’s revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 17.57 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.58%. Martin Marietta Materials’s dividend payout ratio is currently 9.85%.

Martin Marietta Materials 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.