Cwm LLC Purchases 1,250 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Cwm LLC increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 65.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,152 shares of the construction company’s stock after buying an additional 1,250 shares during the period. Cwm LLC’s holdings in Martin Marietta Materials were worth $1,507,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in shares of Martin Marietta Materials during the 4th quarter worth about $28,000. Wayfinding Financial LLC acquired a new stake in shares of Martin Marietta Materials during the 1st quarter worth approximately $29,000. Chilton Capital Management LLC acquired a new position in Martin Marietta Materials during the first quarter valued at approximately $30,000. Valley National Advisers Inc. grew its holdings in Martin Marietta Materials by 193.9% during the first quarter. Valley National Advisers Inc. now owns 97 shares of the construction company’s stock valued at $45,000 after purchasing an additional 64 shares during the period. Finally, Bellwether Advisors LLC acquired a new position in Martin Marietta Materials during the fourth quarter valued at approximately $46,000. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $548.00 to $634.00 in a research report on Friday, May 16th. Wall Street Zen downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. Raymond James Financial dropped their target price on shares of Martin Marietta Materials from $600.00 to $597.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Royal Bank Of Canada started coverage on shares of Martin Marietta Materials in a report on Monday, June 16th. They issued a “sector perform” rating and a $515.00 target price for the company. Finally, Loop Capital dropped their price objective on shares of Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $603.86.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $565.01 on Friday. The company has a fifty day simple moving average of $552.73 and a 200 day simple moving average of $522.13. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $633.23. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The company has a market cap of $34.06 billion, a P/E ratio of 32.55, a PEG ratio of 5.13 and a beta of 0.87.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Martin Marietta Materials had a return on equity of 12.01% and a net margin of 16.07%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $1.93 EPS. Sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 2nd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, June 2nd. Martin Marietta Materials’s dividend payout ratio is currently 18.20%.

About Martin Marietta Materials

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.