Martin Marietta Materials, Inc. (NYSE:MLM) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,236 shares of the construction company’s stock after purchasing an additional 38 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Martin Marietta Materials were worth $2,704,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Personal Financial Services bought a new stake in shares of Martin Marietta Materials during the 3rd quarter worth $33,000. Kestra Investment Management LLC acquired a new stake in Martin Marietta Materials during the 4th quarter worth about $35,000. Retirement Wealth Solutions LLC acquired a new stake in Martin Marietta Materials during the 4th quarter worth about $41,000. R Squared Ltd acquired a new stake in Martin Marietta Materials during the 4th quarter worth about $41,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Martin Marietta Materials during the 4th quarter worth about $47,000. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

NYSE MLM opened at $483.06 on Friday. The company has a 50 day moving average price of $527.00 and a two-hundred day moving average price of $546.10. Martin Marietta Materials, Inc. has a 12-month low of $482.14 and a 12-month high of $633.23. The stock has a market capitalization of $29.52 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is 9.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup reduced their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a research report on Wednesday, December 11th. Barclays decreased their target price on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised Martin Marietta Materials from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $515.00 to $640.00 in a research report on Wednesday, November 27th. Finally, Loop Capital lowered their target price on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $639.43.

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.