First Personal Financial Services Invests $33,000 in Martin Marietta Materials, Inc. (NYSE:MLM)

First Personal Financial Services purchased a new position in Martin Marietta Materials, Inc. (NYSE:MLM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 61 shares of the construction company’s stock, valued at approximately $33,000.

A number of other large investors have also recently made changes to their positions in MLM. Newbridge Financial Services Group Inc. raised its position 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 worth $25,000 after buying an additional 37 shares in the last quarter. Asset Dedication LLC raised its position in shares of Martin Marietta Materials by 1,300.0% in the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after buying an additional 52 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Martin Marietta Materials by 186.4% in the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock worth $34,000 after buying an additional 41 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Martin Marietta Materials in the first quarter worth $41,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Martin Marietta Materials in the second quarter worth $43,000. 95.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MLM. Truist Financial lowered their price objective on Martin Marietta Materials from $700.00 to $670.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group lowered their price objective on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Morgan Stanley increased their price objective on Martin Marietta Materials from $610.00 to $657.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. BNP Paribas upgraded Martin Marietta Materials to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Stephens lowered their price target on Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $634.85.

Martin Marietta Materials Stock Up 0.4 %

NYSE MLM opened at $619.58 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The stock has a market capitalization of $37.87 billion, a PE ratio of 19.31, a PEG ratio of 4.12 and a beta of 0.90. Martin Marietta Materials, Inc. has a 1 year low of $448.73 and a 1 year high of $633.23. The business’s 50-day moving average is $549.06 and its 200 day moving average is $556.56.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $6.94 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. Sell-side analysts forecast that Martin Marietta Materials, Inc. will post 17.84 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 2nd will be issued a $0.79 dividend. The ex-dividend date is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 0.51%. Martin Marietta Materials’s payout ratio is currently 9.85%.

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.