Fenimore Asset Management Inc Has $41.27 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Fenimore Asset Management Inc lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,907 shares of the construction company’s stock after acquiring an additional 525 shares during the period. Fenimore Asset Management Inc owned approximately 0.13% of Martin Marietta Materials worth $41,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MLM. Newbridge Financial Services Group Inc. raised its holdings in Martin Marietta Materials by 411.1% in the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after purchasing an additional 37 shares during the period. Asset Dedication LLC increased its position in shares of Martin Marietta Materials by 1,300.0% in the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares in the last quarter. First Personal Financial Services acquired a new stake in Martin Marietta Materials during the 3rd quarter worth $33,000. Retirement Wealth Solutions LLC acquired a new stake in Martin Marietta Materials during the 4th quarter worth $41,000. Finally, Larson Financial Group LLC bought a new position in Martin Marietta Materials during the third quarter worth about $49,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 0.1 %

MLM stock opened at $548.40 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $490.05 and a twelve month high of $633.23. The company has a market cap of $33.52 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 3.21 and a beta of 0.91. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $550.81 and a two-hundred day moving average price of $551.37.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. Martin Marietta Materials’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.94 earnings per share. Analysts anticipate that Martin Marietta Materials, Inc. will post 17.57 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were issued a $0.79 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.58%. Martin Marietta Materials’s payout ratio is 9.85%.

Analysts Set New Price Targets

MLM has been the topic of a number of research analyst reports. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group dropped their target price on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and upped their price target for the company from $515.00 to $640.00 in a report on Wednesday, November 27th. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Raymond James lowered their target price on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Two 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. Based on data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials 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.