Natixis Advisors LLC Acquires 1,722 Shares of Martin Marietta Materials, Inc. $MLM

Natixis Advisors LLC boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,162 shares of the construction company’s stock after acquiring an additional 1,722 shares during the period. Natixis Advisors LLC owned about 0.17% of Martin Marietta Materials worth $64,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MLM. Optima Capital LLC bought a new position in Martin Marietta Materials during the 4th quarter worth about $25,000. KERR FINANCIAL PLANNING Corp bought a new position in Martin Marietta Materials during the 3rd quarter worth about $27,000. Redmont Wealth Advisors LLC bought a new position in Martin Marietta Materials during the 3rd quarter worth about $32,000. Union Bancaire Privee UBP SA bought a new position in Martin Marietta Materials during the 4th quarter worth about $36,000. Finally, Osterweis Capital Management Inc. bought a new position in Martin Marietta Materials during the 2nd quarter worth about $37,000. 95.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MLM has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of 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. Oppenheimer initiated coverage on shares of Martin Marietta Materials in a report on Thursday, May 28th. They issued a “market perform” rating on the stock. UBS Group set a $739.00 price target on shares of Martin Marietta Materials in a report on Sunday, May 10th. DA Davidson set a $680.00 price target on shares of Martin Marietta Materials in a report on Thursday, February 12th. Finally, Citigroup lowered their price target on shares of Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $681.94.

Martin Marietta Materials Stock Up 1.3%

NYSE:MLM opened at $578.65 on Wednesday. Martin Marietta Materials, Inc. has a fifty-two week low of $525.38 and a fifty-two week high of $710.97. The stock has a market capitalization of $34.75 billion, a P/E ratio of 13.79, a P/E/G ratio of 2.42 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. The company’s 50-day simple moving average is $591.02 and its 200-day simple moving average is $620.79.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations 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 revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $1.90 EPS. On average, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be given a $0.83 dividend. 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 dividend payout ratio (DPR) is presently 7.91%.

Martin Marietta Materials Company 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.