Heritage Investors Management Corp Increases Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Heritage Investors Management Corp raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,843 shares of the construction company’s stock after acquiring an additional 406 shares during the period. Martin Marietta Materials makes up 1.1% of Heritage Investors Management Corp’s portfolio, making the stock its 23rd biggest position. Heritage Investors Management Corp’s holdings in Martin Marietta Materials were worth $32,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Personal Financial Services purchased a new stake in Martin Marietta Materials during the 3rd quarter valued at about $33,000. Whipplewood Advisors LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth approximately $32,000. Kestra Investment Management LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth approximately $35,000. R Squared Ltd purchased a new position in Martin Marietta Materials in the 4th quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC bought a new position in Martin Marietta Materials in the 4th quarter valued at approximately $41,000. 95.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MLM. Barclays decreased their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Stephens decreased their target price on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Citigroup dropped their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Loop Capital decreased 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 report on Thursday, February 13th. Finally, Raymond James dropped their target price on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. One 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’s stock. According to data from MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus price target of $639.43.

Martin Marietta Materials Trading Up 0.2 %

Martin Marietta Materials stock opened at $491.15 on Thursday. Martin Marietta Materials, Inc. has a 12-month low of $482.72 and a 12-month high of $633.23. The firm has a market capitalization of $30.02 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 4.45 and a beta of 0.91. The firm has a 50 day moving average of $527.89 and a 200 day moving average of $546.49. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts predict 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 dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.64%. Martin Marietta Materials’s dividend payout ratio is presently 9.77%.

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.