Inspire Investing LLC Has $1.16 Million Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Inspire Investing LLC lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,241 shares of the construction company’s stock after buying an additional 115 shares during the period. Inspire Investing LLC’s holdings in Martin Marietta Materials were worth $1,157,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Newbridge Financial Services Group Inc. raised its stake 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 worth $25,000 after acquiring an additional 37 shares in the last quarter. Asset Dedication LLC grew its holdings in shares of Martin Marietta Materials by 1,300.0% during the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. First Personal Financial Services acquired a new position in Martin Marietta Materials during the 3rd quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Martin Marietta Materials in the 4th quarter valued at approximately $41,000. Finally, Larson Financial Group LLC acquired a new stake in Martin Marietta Materials in the third quarter valued at approximately $49,000. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MLM shares. Raymond James lowered their price target 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. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Wolfe Research raised 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 note on Wednesday, January 8th. Morgan Stanley lowered their price objective on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, UBS Group started coverage on shares of Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $648.71.

Martin Marietta Materials Stock Down 0.2 %

MLM opened at $548.53 on Friday. Martin Marietta Materials, Inc. has a fifty-two week low of $490.05 and a fifty-two week high of $633.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The company’s 50-day moving average is $552.29 and its 200 day moving average is $551.27. The firm has a market capitalization of $33.53 billion, a P/E ratio of 17.09, a PEG ratio of 3.23 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last announced 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 business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations 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 earned $6.94 EPS. Research analysts expect that Martin Marietta Materials, Inc. will post 17.57 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were paid 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 yield of 0.58%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.85%.

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.