MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 5,038 Shares of Martin Marietta Materials, Inc. $MLM

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 411,482 shares of the construction company’s stock after purchasing an additional 5,038 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Martin Marietta Materials were worth $259,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MLM. Atlantic Union Bankshares Corp boosted its position in Martin Marietta Materials by 321.8% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 3,817 shares of the construction company’s stock worth $2,406,000 after buying an additional 2,912 shares during the period. Atika Capital Management LLC grew its holdings in Martin Marietta Materials by 30.4% during the 2nd quarter. Atika Capital Management LLC now owns 72,533 shares of the construction company’s stock worth $39,818,000 after acquiring an additional 16,900 shares during the last quarter. National Pension Service increased its position in Martin Marietta Materials by 1.0% in the 3rd quarter. National Pension Service now owns 84,820 shares of the construction company’s stock valued at $53,460,000 after acquiring an additional 843 shares during the period. HB Wealth Management LLC raised its stake in shares of Martin Marietta Materials by 78.5% during the third quarter. HB Wealth Management LLC now owns 8,008 shares of the construction company’s stock valued at $5,048,000 after acquiring an additional 3,522 shares during the last quarter. Finally, Caprock Group LLC bought a new position in shares of Martin Marietta Materials during the third quarter valued at $1,605,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 0.3%

Shares of NYSE MLM opened at $585.44 on Tuesday. The company’s 50 day moving average price is $653.10 and its 200-day moving average price is $632.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.36 and a current ratio of 3.57. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $710.97. The company has a market capitalization of $35.31 billion, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 2.30 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($0.19). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.66 billion. Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.79 earnings per share. Equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be given a $0.83 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio (DPR) is 17.66%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MLM shares. Citigroup boosted their price objective on shares of Martin Marietta Materials from $780.00 to $804.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings lowered Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $630.00 target price on shares of Martin Marietta Materials in a report on Thursday, February 26th. Wells Fargo & Company reduced their price target on Martin Marietta Materials from $631.00 to $612.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. Finally, Stephens decreased their price target on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Martin Marietta Materials currently has an average rating of “Hold” and a consensus price target of $696.88.

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.