TFG Advisers LLC Has $300,000 Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

TFG Advisers LLC raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555 shares of the construction company’s stock after purchasing an additional 20 shares during the quarter. TFG Advisers LLC’s holdings in Martin Marietta Materials were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MLM. Global Assets Advisory LLC acquired a new stake in shares of Martin Marietta Materials in the first quarter valued at about $22,265,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Martin Marietta Materials by 25.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,562 shares of the construction company’s stock valued at $4,272,000 after acquiring an additional 1,728 shares during the last quarter. Brevan Howard Capital Management LP increased its position in shares of Martin Marietta Materials by 49.7% in the fourth quarter. Brevan Howard Capital Management LP now owns 5,672 shares of the construction company’s stock valued at $2,830,000 after acquiring an additional 1,882 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Martin Marietta Materials by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,170,166 shares of the construction company’s stock valued at $3,577,268,000 after acquiring an additional 69,701 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Martin Marietta Materials by 7.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,499 shares of the construction company’s stock valued at $29,161,000 after acquiring an additional 4,383 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

MLM has been the subject of a number of research analyst reports. Loop Capital reduced their price target on Martin Marietta Materials from $630.00 to $615.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Citigroup reduced their price target on Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating for the company in a report on Monday, August 12th. StockNews.com upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. Jefferies Financial Group lifted their price target on Martin Marietta Materials from $660.00 to $665.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Stephens reduced their price target on Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $629.82.

Martin Marietta Materials Price Performance

MLM traded down $11.30 during trading on Monday, hitting $545.62. 186,427 shares of the stock traded hands, compared to its average volume of 440,970. Martin Marietta Materials, Inc. has a twelve month low of $389.90 and a twelve month high of $626.67. The company has a market cap of $33.63 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 3.12 and a beta of 0.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.16 and a quick ratio of 2.41. The business has a 50 day moving average price of $548.75 and a 200 day moving average price of $571.14.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $4.76 EPS for the quarter, missing the consensus estimate of $5.36 by ($0.60). Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the firm earned $5.60 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 22.86 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.79 per share. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.74. This represents a $3.16 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, September 3rd. Martin Marietta Materials’s payout ratio is currently 9.36%.

Martin Marietta Materials Company 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.