Hengehold Capital Management LLC Raises Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Hengehold Capital Management LLC increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 48.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 754 shares of the construction company’s stock after buying an additional 246 shares during the quarter. Hengehold Capital Management LLC’s holdings in Martin Marietta Materials were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC boosted its stake in Martin Marietta Materials by 5.4% during the fourth quarter. Inspire Investing LLC now owns 2,241 shares of the construction company’s stock valued at $1,157,000 after buying an additional 115 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Martin Marietta Materials by 38.5% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,208 shares of the construction company’s stock worth $1,657,000 after acquiring an additional 891 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Martin Marietta Materials by 2.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 8,691 shares of the construction company’s stock valued at $4,489,000 after purchasing an additional 182 shares during the period. Simon Quick Advisors LLC boosted its position in Martin Marietta Materials by 3.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,753 shares of the construction company’s stock valued at $2,455,000 after buying an additional 163 shares during the period. Finally, Red Spruce Capital LLC grew its stake in Martin Marietta Materials by 2.9% in the fourth quarter. Red Spruce Capital LLC now owns 6,591 shares of the construction company’s stock worth $3,404,000 after purchasing an additional 186 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MLM has been the subject of a number of research analyst reports. 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. StockNews.com upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Tuesday. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a report on Wednesday, January 8th. Raymond James decreased their price target on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Finally, HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $648.71.

Martin Marietta Materials Trading Down 0.2 %

Shares of NYSE:MLM opened at $548.53 on Friday. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $33.53 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 3.21 and a beta of 0.91. The firm has a fifty day moving average of $552.29 and a two-hundred day moving average of $551.27.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing the consensus estimate of $6.41 by ($0.50). The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $6.94 EPS. On average, equities analysts expect that Martin Marietta Materials, Inc. will post 17.57 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were given a $0.79 dividend. 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 dividend payout ratio is 9.85%.

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.