Fidelis Capital Partners LLC Raises Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Fidelis Capital Partners LLC boosted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,106 shares of the construction company’s stock after buying an additional 34 shares during the period. Fidelis Capital Partners LLC’s holdings in Martin Marietta Materials were worth $593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in shares of Martin Marietta Materials in the 4th quarter valued at $32,000. First Personal Financial Services acquired a new stake in Martin Marietta Materials in the 3rd quarter valued at $33,000. Kestra Investment Management LLC purchased a new position in Martin Marietta Materials in the fourth quarter valued at about $35,000. Retirement Wealth Solutions LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter worth about $41,000. Finally, R Squared Ltd acquired a new position in shares of Martin Marietta Materials during the fourth quarter worth about $41,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MLM shares. UBS Group started coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $730.00 target price for the company. Stephens dropped their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $639.43.

Martin Marietta Materials Trading Down 3.0 %

Shares of NYSE MLM opened at $468.84 on Tuesday. The stock has a market capitalization of $28.59 billion, a P/E ratio of 14.50, a PEG ratio of 4.45 and a beta of 0.91. The stock’s 50 day moving average price is $523.87 and its two-hundred day moving average price is $545.14. 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, Inc. has a 52-week low of $467.99 and a 52-week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. On average, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

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.