Tobam Purchases 1,086 Shares of Martin Marietta Materials, Inc. $MLM

Tobam increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1,262.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,172 shares of the construction company’s stock after buying an additional 1,086 shares during the period. Tobam’s holdings in Martin Marietta Materials were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in shares of Martin Marietta Materials in the 4th quarter valued at about $49,000. Compound Planning Inc. raised its holdings in shares of Martin Marietta Materials by 4.0% in the 4th quarter. Compound Planning Inc. now owns 1,150 shares of the construction company’s stock valued at $716,000 after purchasing an additional 44 shares during the period. Invesco Ltd. raised its holdings in shares of Martin Marietta Materials by 9.3% in the 4th quarter. Invesco Ltd. now owns 769,904 shares of the construction company’s stock valued at $479,389,000 after purchasing an additional 65,623 shares during the period. Axxcess Wealth Management LLC lifted its stake in Martin Marietta Materials by 83.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,970 shares of the construction company’s stock valued at $1,227,000 after purchasing an additional 896 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in Martin Marietta Materials in the 4th quarter valued at about $623,000. 95.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Zacks Research raised Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Wells Fargo & Company raised their price objective on Martin Marietta Materials from $608.00 to $614.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Royal Bank Of Canada reduced their target price on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating for the company in a research note on Monday, May 4th. UBS Group set a $739.00 target price on Martin Marietta Materials in a report on Sunday, May 10th. Finally, Oppenheimer began coverage on Martin Marietta Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $681.94.

Martin Marietta Materials Stock Up 0.0%

Shares of MLM opened at $609.20 on Friday. Martin Marietta Materials, Inc. has a 52 week low of $525.38 and a 52 week high of $710.97. The firm has a market cap of $36.58 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The firm’s 50-day simple moving average is $589.25 and its 200 day simple moving average is $618.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.15. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 EPS. On average, analysts forecast that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.83 per share. The ex-dividend date is Monday, June 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is 7.91%.

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.