CWS Financial Advisors LLC Boosts Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

CWS Financial Advisors LLC increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 790 shares of the construction company’s stock after buying an additional 71 shares during the period. CWS Financial Advisors LLC’s holdings in Martin Marietta Materials were worth $408,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its holdings in Martin Marietta Materials by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company’s stock worth $421,000 after buying an additional 19 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in Martin Marietta Materials by 3.6% during the third quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company’s stock worth $307,000 after buying an additional 20 shares during the last quarter. Brooklyn Investment Group increased its holdings in Martin Marietta Materials by 4.7% during the fourth quarter. Brooklyn Investment Group now owns 447 shares of the construction company’s stock worth $231,000 after buying an additional 20 shares during the last quarter. Financial Counselors Inc. increased its holdings in Martin Marietta Materials by 1.9% during the third quarter. Financial Counselors Inc. now owns 1,123 shares of the construction company’s stock worth $604,000 after buying an additional 21 shares during the last quarter. Finally, OLD National Bancorp IN increased its holdings in Martin Marietta Materials by 4.5% during the fourth quarter. OLD National Bancorp IN now owns 483 shares of the construction company’s stock worth $249,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Raymond James cut their target price on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. StockNews.com lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Citigroup cut their target price on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $639.43.

Martin Marietta Materials Price Performance

MLM stock opened at $490.60 on Tuesday. The firm has a 50 day moving average of $528.99 and a 200-day moving average of $546.80. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 12 month low of $482.72 and a 12 month high of $633.23. The firm has a market capitalization of $29.98 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. As a group, sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

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.