Aperio Group LLC boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,031 shares of the construction company’s stock after purchasing an additional 1,648 shares during the period. Aperio Group LLC’s holdings in Martin Marietta Materials were worth $8,244,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new position in Martin Marietta Materials during the 4th quarter worth $28,000. Freestone Capital Holdings LLC bought a new stake in shares of Martin Marietta Materials during the 3rd quarter worth about $28,000. Sageworth Trust Co acquired a new position in shares of Martin Marietta Materials in the 3rd quarter worth approximately $28,000. Rockbridge Investment Management LCC acquired a new position in shares of Martin Marietta Materials in the 3rd quarter worth approximately $33,000. Finally, Bellwether Advisors LLC acquired a new position in shares of Martin Marietta Materials in the 4th quarter worth approximately $40,000. 97.77% of the stock is owned by institutional investors and hedge funds.
NYSE MLM opened at $328.10 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 3.27 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $20.43 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 5.79 and a beta of 0.69. The company has a 50 day moving average price of $307.48 and a two-hundred day moving average price of $263.06. Martin Marietta Materials, Inc. has a 12-month low of $135.08 and a 12-month high of $338.77.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Monday, March 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, February 26th. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 23.41%.
Several equities analysts have recently issued reports on MLM shares. Raymond James started coverage on shares of Martin Marietta Materials in a research note on Wednesday, February 3rd. They issued a “market perform” rating on the stock. The Goldman Sachs Group downgraded shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $277.00 target price on the stock. in a research report on Thursday, November 19th. Morgan Stanley lifted their target price on shares of Martin Marietta Materials from $316.00 to $344.00 and gave the stock an “overweight” rating in a research report on Friday, January 22nd. Jefferies Financial Group downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating and dropped their target price for the stock from $314.00 to $282.00 in a research report on Friday, November 6th. Finally, Stifel Nicolaus lifted their target price on shares of Martin Marietta Materials from $284.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, December 15th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $266.04.
Martin Marietta Materials Profile
Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy 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; Portland and specialty cement used in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.
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