Caprock Group LLC Has $1.15 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Caprock Group LLC boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,234 shares of the construction company’s stock after purchasing an additional 311 shares during the period. Caprock Group LLC’s holdings in Martin Marietta Materials were worth $1,154,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in shares of Martin Marietta Materials by 76.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock valued at $876,648,000 after acquiring an additional 704,460 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Martin Marietta Materials by 23.3% in the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after buying an additional 506,705 shares during the period. FMR LLC raised its holdings in Martin Marietta Materials by 15.3% in the 3rd quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock valued at $1,353,936,000 after buying an additional 334,605 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Martin Marietta Materials by 7,608.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 181,373 shares of the construction company’s stock worth $97,624,000 after buying an additional 179,020 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its holdings in Martin Marietta Materials by 54.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock worth $251,784,000 after acquiring an additional 164,503 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MLM shares. Loop Capital boosted their price objective on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Raymond James lowered their price objective on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. Wolfe Research upgraded shares of 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. Finally, Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $648.71.

Martin Marietta Materials Stock Down 0.4 %

Martin Marietta Materials stock opened at $543.92 on Monday. The firm has a market capitalization of $33.24 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 4.57 and a beta of 0.91. The firm’s fifty day moving average price is $546.41 and its two-hundred day moving average price is $550.93. Martin Marietta Materials, Inc. has a 1-year low of $490.05 and a 1-year high of $633.23. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were issued 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 dividend payout ratio (DPR) is currently 9.85%.

About Martin Marietta Materials

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.