Fidelis Capital Partners LLC Increases Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Fidelis Capital Partners LLC lifted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,106 shares of the construction company’s stock after purchasing an additional 34 shares during the period. Fidelis Capital Partners LLC’s holdings in Martin Marietta Materials were worth $593,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. DJE Kapital AG acquired a new stake in shares of Martin Marietta Materials during the 4th quarter valued at approximately $898,000. Jones Financial Companies Lllp increased its stake in Martin Marietta Materials by 48.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,178 shares of the construction company’s stock valued at $609,000 after purchasing an additional 386 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Martin Marietta Materials by 72.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 861 shares of the construction company’s stock worth $448,000 after purchasing an additional 362 shares during the last quarter. Metis Global Partners LLC raised its holdings in Martin Marietta Materials by 43.9% during the fourth quarter. Metis Global Partners LLC now owns 2,824 shares of the construction company’s stock worth $1,459,000 after purchasing an additional 861 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in Martin Marietta Materials during the fourth quarter worth $1,263,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays dropped their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Raymond James reduced their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, 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 research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $639.43.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock opened at $468.84 on Tuesday. The stock has a fifty day moving average price of $523.87 and a 200 day moving average price of $545.14. 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 52 week low of $467.99 and a 52 week high of $633.23. The firm has a market capitalization of $28.59 billion, a P/E ratio of 14.50, a PEG ratio of 4.45 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.67%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

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.