FFT Wealth Management LLC Has $663,000 Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

FFT Wealth Management LLC lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,283 shares of the construction company’s stock after buying an additional 38 shares during the period. FFT Wealth Management LLC’s holdings in Martin Marietta Materials were worth $663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Personal Financial Services bought a new position in shares of Martin Marietta Materials in the third quarter valued at approximately $33,000. Kestra Investment Management LLC bought a new position in Martin Marietta Materials in the 4th quarter worth $35,000. Retirement Wealth Solutions LLC acquired a new position in Martin Marietta Materials during the 4th quarter worth $41,000. R Squared Ltd bought a new stake in Martin Marietta Materials during the fourth quarter valued at about $41,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Martin Marietta Materials in the fourth quarter valued at about $47,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM opened at $489.72 on Wednesday. The company has a market capitalization of $29.93 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 4.45 and a beta of 0.91. The firm’s 50 day simple moving average is $528.99 and its 200 day simple moving average is $546.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. Martin Marietta Materials, Inc. has a fifty-two week low of $482.72 and a fifty-two week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. As a group, sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.65%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 9.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MLM. HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a report on Wednesday, December 11th. Morgan Stanley reduced 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 report on Tuesday, December 17th. Raymond James decreased their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Loop Capital cut their price objective on shares of Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, BNP Paribas downgraded Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $639.43.

Martin Marietta Materials Company 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.