Bokf Na Has $1.13 Million Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Bokf Na raised its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 15.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,082 shares of the construction company’s stock after buying an additional 277 shares during the period. Bokf Na’s holdings in Martin Marietta Materials were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Global Assets Advisory LLC acquired a new stake in shares of Martin Marietta Materials during the first quarter worth approximately $22,265,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Martin Marietta Materials by 25.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,562 shares of the construction company’s stock worth $4,272,000 after buying an additional 1,728 shares in the last quarter. Brevan Howard Capital Management LP increased its holdings in shares of Martin Marietta Materials by 49.7% during the fourth quarter. Brevan Howard Capital Management LP now owns 5,672 shares of the construction company’s stock worth $2,830,000 after buying an additional 1,882 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Martin Marietta Materials by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,170,166 shares of the construction company’s stock worth $3,577,268,000 after buying an additional 69,701 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Martin Marietta Materials by 182.5% during the first quarter. BNP Paribas Financial Markets now owns 73,135 shares of the construction company’s stock worth $44,901,000 after buying an additional 47,250 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MLM shares. Loop Capital lowered their price target on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Morgan Stanley raised their price target on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Jefferies Financial Group raised their price target on shares of Martin Marietta Materials from $660.00 to $665.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Truist Financial lowered their price target on shares of Martin Marietta Materials from $700.00 to $670.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Stephens lowered their price target on shares of Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average target price of $629.82.

Martin Marietta Materials Trading Up 1.0 %

Shares of NYSE MLM opened at $520.68 on Monday. The company’s fifty day moving average is $541.32 and its 200-day moving average is $568.70. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 3.52 and a beta of 0.91. Martin Marietta Materials, Inc. has a twelve month low of $389.90 and a twelve month high of $626.67. The company has a quick ratio of 0.94, a current ratio of 1.86 and a debt-to-equity ratio of 0.45.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $4.76 earnings per share for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.60). The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. Martin Marietta Materials had a return on equity of 13.85% and a net margin of 30.80%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $5.60 earnings per share. Equities research analysts predict that Martin Marietta Materials, Inc. will post 19.33 EPS for the current year.

Martin Marietta Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.61%. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Tuesday, September 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 9.36%.

About Martin Marietta Materials

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.