Impax Asset Management Group plc Has $1.05 Million Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Impax Asset Management Group plc lessened its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,030 shares of the construction company’s stock after selling 25 shares during the quarter. Impax Asset Management Group plc’s holdings in Martin Marietta Materials were worth $1,048,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Franklin Street Advisors Inc. NC increased its position in Martin Marietta Materials by 15.5% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock worth $13,037,000 after buying an additional 3,384 shares during the last quarter. Sanctuary Advisors LLC increased its position in Martin Marietta Materials by 18.5% during the third quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock worth $4,914,000 after buying an additional 1,286 shares during the last quarter. RMR Wealth Builders increased its position in Martin Marietta Materials by 431.3% during the fourth quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock worth $1,235,000 after buying an additional 1,941 shares during the last quarter. Kovack Advisors Inc. acquired a new position in Martin Marietta Materials during the third quarter worth approximately $734,000. Finally, Benjamin Edwards Inc. increased its position in Martin Marietta Materials by 2,448.1% during the third quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock worth $741,000 after buying an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MLM. BNP Paribas downgraded Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Citigroup decreased their target price on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays decreased their target price on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Finally, Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials presently has an average rating of “Moderate Buy” and a consensus price target of $639.43.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $489.72 on Wednesday. The company has a market capitalization of $29.93 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 4.45 and a beta of 0.91. Martin Marietta Materials, Inc. has a twelve month low of $482.72 and a twelve month high of $633.23. The stock has a fifty day simple moving average of $528.99 and a 200 day simple moving average of $546.80. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. Sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.65%. Martin Marietta Materials’s payout ratio is 9.77%.

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.