147 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Purchased by Mather Group LLC.

Mather Group LLC. bought a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 147 shares of the construction company’s stock, valued at approximately $90,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MLM. Vanguard Group Inc. increased its stake in shares of Martin Marietta Materials by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,170,166 shares of the construction company’s stock worth $3,577,268,000 after purchasing an additional 69,701 shares in the last quarter. JPMorgan Chase & Co. increased its position in Martin Marietta Materials by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock worth $838,421,000 after buying an additional 181,136 shares in the last quarter. Norges Bank acquired a new position in shares of Martin Marietta Materials in the fourth quarter worth $308,705,000. Northern Trust Corp lifted its position in shares of Martin Marietta Materials by 3.8% in the third quarter. Northern Trust Corp now owns 615,467 shares of the construction company’s stock valued at $252,637,000 after acquiring an additional 22,391 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Martin Marietta Materials by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 615,396 shares of the construction company’s stock valued at $307,026,000 after acquiring an additional 27,775 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock opened at $544.13 on Friday. The business’s fifty day moving average price is $579.35 and its 200 day moving average price is $554.32. Martin Marietta Materials, Inc. has a twelve month low of $389.90 and a twelve month high of $626.67. The company has a current ratio of 3.16, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $33.54 billion, a P/E ratio of 16.12, a PEG ratio of 2.38 and a beta of 0.93.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.05. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 23.29 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 Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, June 3rd. Martin Marietta Materials’s payout ratio is currently 8.77%.

Analyst Ratings Changes

Several research analysts recently weighed in on MLM shares. StockNews.com downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $600.00 price objective (up previously from $530.00) on shares of Martin Marietta Materials in a research note on Friday, March 22nd. Stifel Nicolaus raised their target price on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Citigroup boosted their price target on Martin Marietta Materials from $635.00 to $708.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, The Goldman Sachs Group increased their price target on Martin Marietta Materials from $642.00 to $737.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus target price of $610.27.

Martin Marietta Materials 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.