4,057 Shares in Martin Marietta Materials, Inc. $MLM Acquired by Mattson Financial Services LLC

Mattson Financial Services LLC bought a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,057 shares of the construction company’s stock, valued at approximately $2,557,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the second quarter worth $28,000. NewSquare Capital LLC increased its holdings in Martin Marietta Materials by 62.2% during the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock worth $33,000 after purchasing an additional 23 shares in the last quarter. Clearstead Trust LLC raised its stake in shares of Martin Marietta Materials by 93.8% in the 2nd quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock valued at $34,000 after purchasing an additional 30 shares during the period. Aspect Partners LLC raised its stake in shares of Martin Marietta Materials by 540.0% in the 2nd quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock valued at $35,000 after purchasing an additional 54 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Martin Marietta Materials in the second quarter valued at about $37,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Ratings Changes

MLM has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Martin Marietta Materials from $670.00 to $700.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Wall Street Zen cut shares of Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Morgan Stanley lifted their price objective on shares of Martin Marietta Materials from $660.00 to $690.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Wednesday, October 8th. Finally, UBS Group lifted their price target on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and an average price target of $652.19.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $645.75 on Monday. The stock has a market capitalization of $38.95 billion, a PE ratio of 34.04 and a beta of 1.16. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $665.18. The firm has a fifty day simple moving average of $618.92 and a 200 day simple moving average of $602.67. The company has a current ratio of 2.97, a quick ratio of 2.07 and a debt-to-equity ratio of 0.54.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). Martin Marietta Materials had a net margin of 17.34% and a return on equity of 11.68%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $2.06 billion. On average, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be issued a dividend of $0.83 per share. The ex-dividend date is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 17.50%.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.