ORG Wealth Partners LLC Takes $57,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

ORG Wealth Partners LLC acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 110 shares of the construction company’s stock, valued at approximately $57,000.

Several other institutional investors have also modified their holdings of the stock. Inspire Investing LLC lifted its stake in shares of Martin Marietta Materials by 0.9% in the 3rd quarter. Inspire Investing LLC now owns 2,126 shares of the construction company’s stock valued at $1,144,000 after purchasing an additional 19 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Martin Marietta Materials by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company’s stock valued at $421,000 after purchasing an additional 19 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its stake in shares of Martin Marietta Materials by 3.0% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 680 shares of the construction company’s stock valued at $368,000 after purchasing an additional 20 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of Martin Marietta Materials by 3.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company’s stock valued at $307,000 after purchasing an additional 20 shares during the last quarter. Finally, Financial Counselors Inc. lifted its stake in shares of Martin Marietta Materials by 1.9% in the 3rd quarter. Financial Counselors Inc. now owns 1,123 shares of the construction company’s stock valued at $604,000 after purchasing an additional 21 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays raised their price target on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Citigroup decreased their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Loop Capital raised their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wolfe Research raised Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a research note on Wednesday. Finally, HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $643.36.

Martin Marietta Materials Trading Down 1.7 %

MLM opened at $508.54 on Friday. Martin Marietta Materials, Inc. has a 52 week low of $489.90 and a 52 week high of $633.23. The stock’s fifty day moving average is $563.58 and its two-hundred day moving average is $551.17. The company has a market capitalization of $31.08 billion, a P/E ratio of 15.85, a PEG ratio of 3.74 and a beta of 0.91. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) 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 company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business posted $6.94 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. Analysts forecast that Martin Marietta Materials, Inc. will post 17.58 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

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