LexAurum Advisors LLC Purchases 23 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

LexAurum Advisors LLC boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 633 shares of the construction company’s stock after acquiring an additional 23 shares during the period. LexAurum Advisors LLC’s holdings in Martin Marietta Materials were worth $327,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MLM. Newbridge Financial Services Group Inc. increased its holdings in Martin Marietta Materials by 411.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock valued at $25,000 after purchasing an additional 37 shares during the period. Asset Dedication LLC grew 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 worth $30,000 after buying an additional 52 shares during the last quarter. First Personal Financial Services bought a new position in shares of Martin Marietta Materials during the third quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new stake in Martin Marietta Materials in the fourth quarter worth $41,000. Finally, Larson Financial Group LLC bought a new stake in Martin Marietta Materials in the third quarter valued at $49,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock opened at $548.40 on Friday. Martin Marietta Materials, Inc. has a 1 year low of $490.05 and a 1 year high of $633.23. The firm’s 50-day moving average is $550.81 and its 200 day moving average is $551.37. The stock has a market cap of $33.52 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 3.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24.

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

Martin Marietta Materials Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on MLM. Raymond James decreased their price objective on shares of Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Barclays lifted their price objective on Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised Martin Marietta Materials from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $515.00 to $640.00 in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $648.71.

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.