Camrose Capital Investment Partners LLP boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM – Free Report) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,634 shares of the construction company’s stock after buying an additional 18,015 shares during the quarter. Martin Marietta Materials makes up approximately 11.7% of Camrose Capital Investment Partners LLP’s portfolio, making the stock its 2nd biggest position. Camrose Capital Investment Partners LLP’s holdings in Martin Marietta Materials were worth $70,755,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Douglass Winthrop Advisors LLC boosted its stake in Martin Marietta Materials by 0.8% in the third quarter. Douglass Winthrop Advisors LLC now owns 232,234 shares of the construction company’s stock worth $146,372,000 after buying an additional 1,939 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Martin Marietta Materials by 5.4% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 121,297 shares of the construction company’s stock worth $76,451,000 after buying an additional 6,209 shares in the last quarter. Citigroup Inc. boosted its stake in Martin Marietta Materials by 33.6% in the third quarter. Citigroup Inc. now owns 125,119 shares of the construction company’s stock worth $78,860,000 after buying an additional 31,463 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Martin Marietta Materials by 141.3% in the third quarter. BNP Paribas Financial Markets now owns 117,872 shares of the construction company’s stock worth $74,292,000 after buying an additional 69,016 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in Martin Marietta Materials by 9.7% in the fourth quarter. Gradient Investments LLC now owns 44,209 shares of the construction company’s stock worth $27,527,000 after buying an additional 3,903 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.
Martin Marietta Materials Stock Performance
NYSE:MLM opened at $602.95 on Wednesday. The firm has a market cap of $36.21 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 2.50 and a beta of 1.10. Martin Marietta Materials, Inc. has a fifty-two week low of $525.38 and a fifty-two week high of $710.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. The business has a 50 day moving average price of $589.40 and a 200-day moving average price of $618.63.
Martin Marietta Materials Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio is currently 7.91%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on MLM shares. UBS Group set a $739.00 price objective on Martin Marietta Materials in a research note on Sunday, May 10th. Jefferies Financial Group reissued a “buy” rating and set a $785.00 price objective on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Raymond James Financial set a $690.00 price objective on Martin Marietta Materials in a research note on Monday, April 27th. B. Riley Financial raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective for the company in a research note on Thursday, April 2nd. Finally, Royal Bank Of Canada dropped their price objective on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating for the company in a research note on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $681.94.
Read Our Latest Stock Report on MLM
Martin Marietta Materials Company Profile
Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.
In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.
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