Brooklyn Investment Group Buys 20 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Brooklyn Investment Group increased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 4.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 447 shares of the construction company’s stock after purchasing an additional 20 shares during the period. Brooklyn Investment Group’s holdings in Martin Marietta Materials were worth $231,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its holdings in shares of Martin Marietta Materials by 411.1% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock valued at $25,000 after acquiring an additional 37 shares during the last quarter. Asset Dedication LLC boosted its holdings 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 valued at $30,000 after purchasing an additional 52 shares during the period. First Personal Financial Services purchased a new position in Martin Marietta Materials during the 3rd quarter valued at about $33,000. Larson Financial Group LLC purchased a new stake in shares of Martin Marietta Materials in the 3rd quarter worth approximately $49,000. Finally, Tobam boosted its stake in shares of Martin Marietta Materials by 38.8% during the third quarter. Tobam now owns 93 shares of the construction company’s stock valued at $50,000 after purchasing an additional 26 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $543.33 on Friday. The business has a fifty day moving average of $555.95 and a 200 day moving average of $550.97. Martin Marietta Materials, Inc. has a 1 year low of $490.05 and a 1 year high of $633.23. 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 firm has a market capitalization of $33.21 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data 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). The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.94 earnings per share. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 17.6 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on MLM shares. UBS Group began coverage on Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price for the company. Citigroup dropped their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group reduced their target price on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and raised their price target for the company from $515.00 to $640.00 in a report on Wednesday, November 27th. Finally, Barclays boosted their price objective on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Two investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $648.71.

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.