Helen Stephens Group LLC Decreases Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Helen Stephens Group LLC cut its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 499 shares of the construction company’s stock after selling 44 shares during the period. Helen Stephens Group LLC’s holdings in Martin Marietta Materials were worth $258,000 at the end of the most recent quarter.

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

Martin Marietta Materials Stock Up 2.3 %

MLM stock opened at $543.33 on Friday. The company has a market capitalization of $33.21 billion, a P/E ratio of 16.93, a PEG ratio of 2.97 and a beta of 0.91. The firm has a 50 day simple moving average of $555.95 and a 200-day simple moving average of $550.86. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a twelve month low of $490.05 and a twelve month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.94 billion. During the same quarter last year, the business posted $6.94 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 17.6 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. Shareholders of record on Monday, December 2nd were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 0.58%. Martin Marietta Materials’s payout ratio is 9.85%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MLM. UBS Group began coverage on shares of Martin Marietta Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $730.00 price target on the stock. Barclays raised their target price on Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. StockNews.com raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Loop Capital boosted their target price 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. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $648.71.

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.