GAMMA Investing LLC Purchases 26 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

GAMMA Investing LLC boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,189 shares of the construction company’s stock after purchasing an additional 26 shares during the quarter. GAMMA Investing LLC’s holdings in Martin Marietta Materials were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its stake in shares of Martin Marietta Materials by 411.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock valued at $25,000 after buying an additional 37 shares during the period. Asset Dedication LLC grew its holdings in Martin Marietta Materials by 1,300.0% during the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares in the last quarter. First Personal Financial Services purchased a new position in Martin Marietta Materials during the 3rd quarter valued at about $33,000. Larson Financial Group LLC bought a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at about $49,000. Finally, Tobam lifted its position in shares of Martin Marietta Materials by 38.8% in the 3rd quarter. Tobam now owns 93 shares of the construction company’s stock worth $50,000 after purchasing an additional 26 shares during the period. 95.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MLM. Loop Capital boosted their price objective on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley cut their price target on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group cut their target price on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their price target for the company from $515.00 to $640.00 in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $653.08.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $516.67 on Friday. The business has a fifty day moving average of $570.99 and a 200 day moving average of $552.38. Martin Marietta Materials, Inc. has a 1 year low of $482.01 and a 1 year high of $633.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The firm has a market capitalization of $31.58 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 3.74 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business earned $6.94 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 17.58 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were paid a $0.79 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.61%. Martin Marietta Materials’s payout ratio is currently 9.85%.

Martin Marietta Materials Company 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.