QRG Capital Management Inc. Buys 199 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

QRG Capital Management Inc. grew its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,933 shares of the construction company’s stock after purchasing an additional 199 shares during the period. QRG Capital Management Inc.’s holdings in Martin Marietta Materials were worth $999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in Martin Marietta Materials during the fourth quarter valued at about $32,000. First Personal Financial Services acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth approximately $33,000. Kestra Investment Management LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $35,000. Retirement Wealth Solutions LLC acquired a new position in shares of Martin Marietta Materials in the fourth quarter valued at $41,000. Finally, R Squared Ltd bought a new position in Martin Marietta Materials in the fourth quarter worth $41,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of MLM stock opened at $468.84 on Tuesday. Martin Marietta Materials, Inc. has a 52 week low of $467.99 and a 52 week high of $633.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The stock’s fifty day moving average is $523.87 and its 200-day moving average is $545.14. The stock has a market capitalization of $28.59 billion, a PE ratio of 14.50, a PEG ratio of 4.45 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. Equities research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS 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. Investors of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.67%. Martin Marietta Materials’s dividend payout ratio is presently 9.77%.

Analysts Set New Price Targets

MLM has been the topic of several analyst reports. Wolfe Research raised 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 report on Wednesday, January 8th. Stephens dropped their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Barclays decreased their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Morgan Stanley lowered their price objective on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Truist Financial cut their target price on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Martin Marietta Materials currently has a consensus 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.