Gilman Hill Asset Management LLC Purchases 320 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Gilman Hill Asset Management LLC raised its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 71.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 770 shares of the construction company’s stock after buying an additional 320 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Martin Marietta Materials were worth $398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Street Advisors Inc. NC increased its stake in Martin Marietta Materials by 15.5% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock valued at $13,037,000 after acquiring an additional 3,384 shares during the period. Sanctuary Advisors LLC raised its stake in Martin Marietta Materials by 18.5% during the third quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock worth $4,914,000 after acquiring an additional 1,286 shares in the last quarter. RMR Wealth Builders lifted its holdings in shares of Martin Marietta Materials by 431.3% during the fourth quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock valued at $1,235,000 after acquiring an additional 1,941 shares during the period. Kovack Advisors Inc. bought a new stake in shares of Martin Marietta Materials in the 3rd quarter worth about $734,000. Finally, Benjamin Edwards Inc. lifted its holdings in Martin Marietta Materials by 2,448.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,322 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

MLM stock opened at $543.33 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a twelve month low of $490.05 and a twelve month high of $633.23. The business’s fifty day moving average is $554.49 and its 200-day moving average is $551.16. The company has a market cap of $33.21 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing the consensus estimate of $6.41 by ($0.50). The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $6.94 EPS. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 17.6 EPS for the current year.

Martin Marietta Materials Announces Dividend

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

Wall Street Analyst Weigh In

MLM has been the topic of several research analyst reports. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a research note on Wednesday, December 11th. Loop Capital raised their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Citigroup reduced their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Wolfe Research upgraded shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target on the stock in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus price target of $648.71.

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.