R Squared Ltd Makes New $41,000 Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

R Squared Ltd acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80 shares of the construction company’s stock, valued at approximately $41,000.

Other hedge funds have also recently modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new stake in Martin Marietta Materials in the fourth quarter valued at approximately $547,000. Blue Trust Inc. raised its stake in Martin Marietta Materials by 15.6% in the 4th quarter. Blue Trust Inc. now owns 747 shares of the construction company’s stock valued at $402,000 after purchasing an additional 101 shares during the last quarter. High Net Worth Advisory Group LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at $202,000. Stablepoint Partners LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at $472,000. Finally, Clarendon Private LLC acquired a new stake in shares of Martin Marietta Materials in the 4th quarter worth $383,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Trading Down 0.4 %

NYSE:MLM opened at $543.92 on Monday. The firm has a market cap of $33.24 billion, a P/E ratio of 16.95, a PEG ratio of 4.57 and a beta of 0.91. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $546.41 and its 200-day simple moving average is $550.93. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were paid a $0.79 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.58%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MLM. BNP Paribas downgraded Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. UBS Group assumed coverage on Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price for the company. Raymond James decreased their price objective on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Loop Capital lifted their price objective on Martin Marietta Materials from $600.00 to $680.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group cut their target price on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus target price of $648.71.

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.