Dimensional Fund Advisors LP Purchases 5,764 Shares of Martin Marietta Materials, Inc. $MLM

Dimensional Fund Advisors LP boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 546,170 shares of the construction company’s stock after acquiring an additional 5,764 shares during the period. Dimensional Fund Advisors LP’s holdings in Martin Marietta Materials were worth $321,442,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Optima Capital LLC bought a new position in shares of Martin Marietta Materials during the 4th quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in Martin Marietta Materials during the fourth quarter valued at $31,000. Reflection Asset Management bought a new position in Martin Marietta Materials during the fourth quarter valued at $35,000. Osterweis Capital Management Inc. purchased a new position in shares of Martin Marietta Materials in the 2nd quarter worth $37,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Martin Marietta Materials by 74.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 61 shares of the construction company’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock opened at $551.30 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. The company has a market capitalization of $33.11 billion, a PE ratio of 13.14, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a 50 day moving average price of $576.52 and a 200-day moving average price of $611.15. Martin Marietta Materials, Inc. has a fifty-two week low of $525.38 and a fifty-two week high of $710.97.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.Martin Marietta Materials’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the business posted $1.90 EPS. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.43 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, June 30th. Investors of record on Monday, June 1st were paid a $0.83 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is 7.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MLM shares. Wall Street Zen upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Monday. Barclays cut their price target on shares of Martin Marietta Materials from $675.00 to $640.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings raised shares of Martin Marietta Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 25th. Morgan Stanley cut their target price on Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Finally, Berenberg Bank set a $556.00 price objective on Martin Marietta Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $681.53.

About Martin Marietta Materials

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.