One Wealth Capital Management LLC Buys Shares of 437 Martin Marietta Materials, Inc. (NYSE:MLM)

One Wealth Capital Management LLC acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 437 shares of the construction company’s stock, valued at approximately $226,000.

A number of other hedge funds have also modified their holdings of MLM. Commonwealth Equity Services LLC lifted its holdings in shares of Martin Marietta Materials by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,264 shares of the construction company’s stock valued at $4,478,000 after acquiring an additional 142 shares in the last quarter. National Bank of Canada FI raised its stake in Martin Marietta Materials by 23.8% during the second quarter. National Bank of Canada FI now owns 17,023 shares of the construction company’s stock worth $9,057,000 after acquiring an additional 3,276 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Martin Marietta Materials by 4.8% in the 2nd quarter. Victory Capital Management Inc. now owns 35,785 shares of the construction company’s stock worth $19,388,000 after purchasing an additional 1,637 shares during the last quarter. Candriam S.C.A. boosted its position in Martin Marietta Materials by 10.0% during the 2nd quarter. Candriam S.C.A. now owns 4,779 shares of the construction company’s stock valued at $2,589,000 after purchasing an additional 436 shares during the period. Finally, Lake Street Advisors Group LLC grew its stake in Martin Marietta Materials by 7.8% during the 2nd quarter. Lake Street Advisors Group LLC now owns 484 shares of the construction company’s stock worth $262,000 after buying an additional 35 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MLM shares. 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. Morgan Stanley cut their price objective on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price for the company in a research report on Wednesday, December 11th. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Finally, Citigroup decreased their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $649.54.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock traded down $9.93 during trading on Tuesday, hitting $507.44. The stock had a trading volume of 341,149 shares, compared to its average volume of 351,490. The business has a fifty day moving average of $569.75 and a two-hundred day moving average of $552.12. Martin Marietta Materials, Inc. has a fifty-two week low of $485.31 and a fifty-two week high of $633.23. The firm has a market cap of $31.01 billion, a P/E ratio of 15.81, a PEG ratio of 3.74 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $6.94 earnings per share. Martin Marietta Materials’s revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Martin Marietta Materials, Inc. will post 17.58 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s payout ratio is 9.85%.

About Martin Marietta Materials

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.