Gilder Gagnon Howe & Co. LLC Has $30.46 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Gilder Gagnon Howe & Co. LLC lowered its holdings in Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 61,050 shares of the construction company’s stock after selling 4,643 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Martin Marietta Materials were worth $30,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in shares of Martin Marietta Materials during the fourth quarter valued at about $26,000. Exchange Traded Concepts LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at approximately $27,000. Benjamin Edwards Inc. grew its holdings in shares of Martin Marietta Materials by 78.8% during the 4th quarter. Benjamin Edwards Inc. now owns 59 shares of the construction company’s stock worth $29,000 after purchasing an additional 26 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Martin Marietta Materials by 74.3% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 61 shares of the construction company’s stock worth $30,000 after purchasing an additional 26 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $34,000. 95.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MLM shares. Stifel Nicolaus boosted their price target on shares of Martin Marietta Materials from $621.00 to $650.00 and gave the company a “buy” rating in a report on Monday, April 15th. Citigroup raised their price target on shares of Martin Marietta Materials from $635.00 to $708.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wolfe Research lowered Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. HSBC raised Martin Marietta Materials from a “reduce” rating to a “hold” rating and increased their target price for the stock from $376.00 to $543.00 in a report on Thursday, February 22nd. Finally, Stephens boosted their price target on Martin Marietta Materials from $575.00 to $605.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.27.

Get Our Latest Stock Report on MLM

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock traded up $11.65 during trading on Thursday, reaching $568.43. The company’s stock had a trading volume of 267,409 shares, compared to its average volume of 411,567. The stock has a 50-day moving average price of $586.59 and a two-hundred day moving average price of $549.65. The stock has a market capitalization of $35.04 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 2.42 and a beta of 0.93. The company has a current ratio of 3.16, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a one year low of $389.90 and a one year high of $626.67.

Martin Marietta Materials (NYSE:MLMGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.88 by $0.05. Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $2.16 earnings per share. Martin Marietta Materials’s revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 23.38 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.52%. Martin Marietta Materials’s payout ratio is currently 8.77%.

About Martin Marietta Materials

(Free Report)

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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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