400 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Acquired by Verus Capital Partners LLC

Verus Capital Partners LLC acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 400 shares of the construction company’s stock, valued at approximately $207,000.

Other large investors have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $32,000. First Personal Financial Services acquired a new position in Martin Marietta Materials during the 3rd quarter valued at approximately $33,000. Kestra Investment Management LLC acquired a new position in Martin Marietta Materials during the 4th quarter valued at approximately $35,000. Retirement Wealth Solutions LLC acquired a new position in Martin Marietta Materials during the 4th quarter valued at approximately $41,000. Finally, R Squared Ltd acquired a new position in Martin Marietta Materials during the 4th quarter valued at approximately $41,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MLM. Loop Capital cut their price target on shares of Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target on the stock in a research note on Wednesday, December 11th. Stephens cut their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Raymond James cut their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $639.43.

Martin Marietta Materials Stock Performance

Shares of NYSE MLM opened at $483.06 on Friday. The company’s fifty day moving average price is $525.13 and its 200 day moving average price is $545.37. Martin Marietta Materials, Inc. has a 1 year low of $475.10 and a 1 year high of $633.23. The company has a market capitalization of $29.45 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

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.