Tema Etfs LLC Purchases 1,188 Shares of Martin Marietta Materials, Inc. $MLM

Tema Etfs LLC increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 65.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,006 shares of the construction company’s stock after acquiring an additional 1,188 shares during the quarter. Tema Etfs LLC’s holdings in Martin Marietta Materials were worth $1,895,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Martin Marietta Materials by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,955,139 shares of the construction company’s stock worth $1,622,254,000 after purchasing an additional 10,445 shares during the last quarter. State Street Corp boosted its stake in shares of Martin Marietta Materials by 2.0% in the 2nd quarter. State Street Corp now owns 2,825,325 shares of the construction company’s stock valued at $1,550,990,000 after purchasing an additional 56,353 shares during the last quarter. Bank of America Corp DE grew its position in shares of Martin Marietta Materials by 31.9% during the 2nd quarter. Bank of America Corp DE now owns 2,340,677 shares of the construction company’s stock worth $1,284,938,000 after buying an additional 565,856 shares during the period. Geode Capital Management LLC raised its stake in shares of Martin Marietta Materials by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,520,932 shares of the construction company’s stock worth $831,331,000 after buying an additional 4,666 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in Martin Marietta Materials by 4.2% in the second quarter. Alkeon Capital Management LLC now owns 802,351 shares of the construction company’s stock valued at $440,459,000 after buying an additional 32,000 shares during the period. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

MLM opened at $663.30 on Tuesday. The stock has a market cap of $40.00 billion, a P/E ratio of 34.97 and a beta of 1.15. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $668.83. The company has a quick ratio of 2.07, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $623.16 and a 200 day simple moving average of $610.11.

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

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 1st were given a $0.83 dividend. The ex-dividend date was Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. Martin Marietta Materials’s payout ratio is currently 17.50%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MLM shares. Jefferies Financial Group raised their price objective on shares of Martin Marietta Materials from $725.00 to $730.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Morgan Stanley increased their price target on Martin Marietta Materials from $660.00 to $690.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. DA Davidson set a $690.00 price target on Martin Marietta Materials in a research report on Thursday, November 6th. Stifel Nicolaus upped their price objective on Martin Marietta Materials from $637.00 to $681.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. increased their target price on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $668.67.

Martin Marietta Materials 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.