Martin Marietta Materials, Inc. (NYSE:MLM) Stake Lowered by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP decreased its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 12.1% during the 4th quarter, HoldingsChannel reports. The firm owned 620 shares of the construction company’s stock after selling 85 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Martin Marietta Materials were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position in Martin Marietta Materials by 5.3% in the 4th quarter. Hantz Financial Services Inc. now owns 3,727 shares of the construction company’s stock worth $1,925,000 after purchasing an additional 189 shares during the last quarter. Forsta AP Fonden increased its position in Martin Marietta Materials by 24.2% in the 4th quarter. Forsta AP Fonden now owns 22,100 shares of the construction company’s stock valued at $11,415,000 after acquiring an additional 4,300 shares during the period. R Squared Ltd bought a new stake in Martin Marietta Materials during the 4th quarter valued at $41,000. Union Bancaire Privee UBP SA acquired a new position in Martin Marietta Materials during the 4th quarter worth $547,000. Finally, Blue Trust Inc. boosted its position in Martin Marietta Materials by 15.6% during the 4th quarter. Blue Trust Inc. now owns 747 shares of the construction company’s stock worth $402,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Trading Down 0.3 %

NYSE MLM opened at $540.51 on Thursday. The company has a market capitalization of $33.04 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 3.21 and a beta of 0.91. 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. The firm’s fifty day simple moving average is $548.40 and its 200-day simple moving average is $551.33.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing the consensus estimate of $6.41 by ($0.50). The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The business’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.94 earnings per share. As a group, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 17.57 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MLM shares. Morgan Stanley cut their price objective on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Jefferies Financial Group dropped their price target on shares of 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. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective for the company in a report on Wednesday, December 11th. Raymond James dropped their target price on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, Citigroup decreased their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average 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.