Mizuho Securities USA LLC Purchases 9,395 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Mizuho Securities USA LLC increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 197.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,152 shares of the construction company’s stock after purchasing an additional 9,395 shares during the period. Mizuho Securities USA LLC’s holdings in Martin Marietta Materials were worth $7,617,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its position in shares of Martin Marietta Materials by 411.1% in the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock valued at $25,000 after acquiring an additional 37 shares in the last quarter. Asset Dedication LLC raised its stake in 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 period. First Personal Financial Services purchased a new position in Martin Marietta Materials in the 3rd quarter worth approximately $33,000. Fortitude Family Office LLC boosted its stake in Martin Marietta Materials by 186.4% in the 2nd quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock worth $34,000 after purchasing an additional 41 shares during the period. Finally, Pathway Financial Advisers LLC purchased a new stake in Martin Marietta Materials during the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

MLM has been the topic of several research analyst reports. BNP Paribas raised shares of Martin Marietta Materials to a “strong-buy” rating in a report on Thursday, September 19th. Stephens decreased their price target on shares of Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Loop Capital increased their price objective on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays lifted their target price on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, UBS Group started coverage on Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and an average target price of $634.85.

Martin Marietta Materials Trading Down 0.8 %

Shares of MLM opened at $583.03 on Friday. The company’s fifty day simple moving average is $557.57 and its 200-day simple moving average is $556.88. The company has a market cap of $35.63 billion, a P/E ratio of 18.17, a P/E/G ratio of 3.90 and a beta of 0.90. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a twelve month low of $451.37 and a twelve month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data 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 firm 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%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $6.94 earnings per share. As a group, analysts expect that Martin Marietta Materials, Inc. will post 17.84 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.85%.

Martin Marietta Materials 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.