Barclays PLC Acquires 14,358 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Barclays PLC increased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,725 shares of the construction company’s stock after buying an additional 14,358 shares during the period. Barclays PLC’s holdings in Martin Marietta Materials were worth $35,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Martin Marietta Materials by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,661,957 shares of the construction company’s stock valued at $2,343,744,000 after purchasing an additional 23,041 shares in the last quarter. BlackRock Inc. increased its stake in Martin Marietta Materials by 1.3% in the third quarter. BlackRock Inc. now owns 4,149,870 shares of the construction company’s stock valued at $1,417,929,000 after purchasing an additional 53,775 shares in the last quarter. State Street Corp increased its stake in Martin Marietta Materials by 1.3% in the second quarter. State Street Corp now owns 3,329,275 shares of the construction company’s stock valued at $1,171,272,000 after purchasing an additional 42,182 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Martin Marietta Materials by 96.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,786,310 shares of the construction company’s stock valued at $628,442,000 after purchasing an additional 875,618 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Martin Marietta Materials by 2.8% in the second quarter. Geode Capital Management LLC now owns 1,158,815 shares of the construction company’s stock valued at $406,608,000 after purchasing an additional 31,330 shares in the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on MLM shares. DA Davidson upped their price target on shares of Martin Marietta Materials from $425.00 to $465.00 and gave the company a “buy” rating in a report on Wednesday, November 3rd. Truist Financial upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $525.00 price target for the company in a report on Friday, December 10th. Loop Capital upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $390.00 price target for the company in a report on Wednesday, October 6th. Stephens upped their price target on shares of Martin Marietta Materials from $430.00 to $475.00 and gave the company an “overweight” rating in a report on Thursday, November 4th. Finally, Barclays upgraded shares of Martin Marietta Materials from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $415.00 to $485.00 in a report on Friday, December 17th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Martin Marietta Materials currently has an average rating of “Buy” and an average target price of $457.54.

Shares of MLM stock opened at $402.63 on Friday. The stock has a market cap of $25.12 billion, a P/E ratio of 34.56 and a beta of 0.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 6.65 and a quick ratio of 5.46. The company has a fifty day moving average price of $425.58 and a two-hundred day moving average price of $387.27. Martin Marietta Materials, Inc. has a one year low of $280.38 and a one year high of $446.46.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, November 2nd. The construction company reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.01. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Martin Marietta Materials had a net margin of 14.30% and a return on equity of 12.38%. During the same quarter last year, the company posted $4.71 earnings per share. As a group, equities research analysts anticipate that Martin Marietta Materials, Inc. will post 11.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Wednesday, December 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Tuesday, November 30th. Martin Marietta Materials’s dividend payout ratio is currently 20.94%.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographical segments: East Group and West Group. The East Group segments provide aggregates products only.

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

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