Martin Marietta Materials, Inc. $MLM Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,476 shares of the construction company’s stock after buying an additional 1,692 shares during the quarter. Cerity Partners LLC’s holdings in Martin Marietta Materials were worth $16,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in Martin Marietta Materials in the second quarter worth about $28,000. NewSquare Capital LLC raised its position in shares of Martin Marietta Materials by 62.2% in the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. Clearstead Trust LLC boosted its stake in Martin Marietta Materials by 93.8% in the 2nd quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock worth $34,000 after purchasing an additional 30 shares in the last quarter. Aspect Partners LLC boosted its stake in Martin Marietta Materials by 540.0% in the 2nd quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock worth $35,000 after purchasing an additional 54 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in Martin Marietta Materials during the 2nd quarter worth approximately $37,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $667.11 on Friday. The firm’s fifty day moving average is $622.28 and its two-hundred day moving average is $608.34. The firm has a market cap of $40.23 billion, a price-to-earnings ratio of 35.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.07 and a current ratio of 2.97. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $667.66.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.62 by ($0.65). Martin Marietta Materials had a net margin of 17.34% and a return on equity of 11.68%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $2.06 billion. Research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 1st. Martin Marietta Materials’s dividend payout ratio is currently 17.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. DA Davidson set a $690.00 price target on shares of Martin Marietta Materials in a report on Thursday, November 6th. Barclays raised their target price on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Citigroup lifted their price target on Martin Marietta Materials from $754.00 to $758.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company cut their price objective on Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Finally, Wall Street Zen cut Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $668.67.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.