ORG Wealth Partners LLC Acquires New Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

ORG Wealth Partners LLC acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 110 shares of the construction company’s stock, valued at approximately $57,000.

Other hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its position in Martin Marietta Materials by 411.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock valued at $25,000 after acquiring an additional 37 shares during the last quarter. Asset Dedication LLC increased its position in Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares during the last quarter. First Personal Financial Services purchased a new stake in Martin Marietta Materials during the third quarter valued at $33,000. Larson Financial Group LLC purchased a new stake in Martin Marietta Materials during the third quarter valued at $49,000. Finally, Tobam increased its position in Martin Marietta Materials by 38.8% during the third quarter. Tobam now owns 93 shares of the construction company’s stock valued at $50,000 after acquiring an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group reduced their price target on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Loop Capital upped their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $643.36.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock opened at $508.54 on Friday. The stock has a 50 day moving average of $563.58 and a 200 day moving average of $551.17. Martin Marietta Materials, Inc. has a 12 month low of $489.90 and a 12 month high of $633.23. The firm has a market cap of $31.08 billion, a PE ratio of 15.85, a PEG ratio of 3.74 and a beta of 0.91. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the company posted $6.94 earnings per share. Martin Marietta Materials’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts expect that Martin Marietta Materials, Inc. will post 17.58 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Monday, December 2nd. Martin Marietta Materials’s payout ratio is presently 9.85%.

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.