Bartlett & CO. Wealth Management LLC Has $1.66 Million Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Bartlett & CO. Wealth Management LLC increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 38.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,208 shares of the construction company’s stock after purchasing an additional 891 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Martin Marietta Materials were worth $1,657,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its holdings 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 valued at $25,000 after purchasing an additional 37 shares during the last quarter. Asset Dedication LLC lifted its stake in shares of Martin Marietta Materials by 1,300.0% in the third 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 stake in shares of Martin Marietta Materials during the 3rd quarter worth $33,000. Retirement Wealth Solutions LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC bought a new position in Martin Marietta Materials in the 3rd quarter worth $49,000. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MLM. Raymond James decreased 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 raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a report on Wednesday, December 11th. StockNews.com upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday. Loop Capital raised their price objective on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Barclays upped their target price on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Two 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $648.71.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock opened at $548.53 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 debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The firm has a market cap of $33.53 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 3.23 and a beta of 0.91. The firm’s 50-day simple moving average is $552.29 and its 200-day simple moving average is $551.27.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data 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). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $6.94 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 17.57 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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