InTrack Investment Management Inc Acquires 872 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

InTrack Investment Management Inc increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 33.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,446 shares of the construction company’s stock after buying an additional 872 shares during the period. Martin Marietta Materials accounts for 1.2% of InTrack Investment Management Inc’s holdings, making the stock its 23rd largest position. InTrack Investment Management Inc’s holdings in Martin Marietta Materials were worth $1,784,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Martin Marietta Materials by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after acquiring an additional 506,705 shares in the last quarter. FMR LLC increased its position in shares of Martin Marietta Materials by 15.3% in the third quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock worth $1,353,936,000 after purchasing an additional 334,605 shares during the period. Principal Financial Group Inc. raised its stake in Martin Marietta Materials by 76.2% in the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock valued at $876,648,000 after purchasing an additional 704,460 shares in the last quarter. Franklin Resources Inc. lifted its position in Martin Marietta Materials by 1.9% during the third quarter. Franklin Resources Inc. now owns 534,801 shares of the construction company’s stock worth $295,397,000 after purchasing an additional 9,908 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its stake in Martin Marietta Materials by 54.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock worth $251,784,000 after buying an additional 164,503 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Trading Up 2.3 %

Shares of NYSE MLM opened at $543.33 on Friday. The stock has a market cap of $33.21 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The firm has a 50 day moving average price of $555.95 and a two-hundred day moving average price of $550.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. Martin Marietta Materials, Inc. has a 52-week low of $490.05 and a 52-week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business earned $6.94 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 17.6 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Monday, December 2nd. Martin Marietta Materials’s payout ratio is presently 9.85%.

Analyst Ratings Changes

Several equities analysts have recently commented on MLM shares. UBS Group started coverage on shares of Martin Marietta Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $730.00 target price for the company. Barclays upped their target price on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Morgan Stanley reduced their target price on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. StockNews.com raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $648.71.

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.