Venturi Wealth Management LLC Acquires 213 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Venturi Wealth Management LLC boosted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 131.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 375 shares of the construction company’s stock after buying an additional 213 shares during the period. Venturi Wealth Management LLC’s holdings in Martin Marietta Materials were worth $194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Personal Financial Services bought a new stake in shares of Martin Marietta Materials during the third quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $41,000. R Squared Ltd bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $41,000. Larson Financial Group LLC bought a new stake in shares of Martin Marietta Materials during the third quarter valued at approximately $49,000. Finally, Fortitude Family Office LLC increased its position in shares of Martin Marietta Materials by 60.3% during the fourth quarter. Fortitude Family Office LLC now owns 101 shares of the construction company’s stock valued at $52,000 after purchasing an additional 38 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MLM. Raymond James lowered their price objective on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. UBS Group started coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $730.00 price target on the stock. BNP Paribas lowered Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Barclays decreased their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned 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 a consensus target price of $639.43.

Martin Marietta Materials Price Performance

Martin Marietta Materials stock opened at $489.94 on Friday. 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 firm has a market cap of $29.94 billion, a P/E ratio of 15.15, a P/E/G ratio of 4.58 and a beta of 0.91. The business’s fifty day moving average is $531.34 and its two-hundred day moving average is $547.49. Martin Marietta Materials, Inc. has a 52 week low of $482.72 and a 52 week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates 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 forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.64%. Martin Marietta Materials’s payout ratio is currently 9.77%.

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.