GPS Wealth Strategies Group LLC Sells 176 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

GPS Wealth Strategies Group LLC decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 45.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215 shares of the construction company’s stock after selling 176 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Martin Marietta Materials were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Street Advisors Inc. NC increased its position in Martin Marietta Materials by 15.5% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock worth $13,037,000 after buying an additional 3,384 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Martin Marietta Materials by 18.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock worth $4,914,000 after buying an additional 1,286 shares during the period. RMR Wealth Builders increased its stake in Martin Marietta Materials by 431.3% in the 4th quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock worth $1,235,000 after buying an additional 1,941 shares in the last quarter. Kovack Advisors Inc. bought a new stake in Martin Marietta Materials during the 3rd quarter valued at approximately $734,000. Finally, Benjamin Edwards Inc. raised its position in shares of Martin Marietta Materials by 2,448.1% during the third quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock valued at $741,000 after buying an additional 1,322 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MLM shares. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. BNP Paribas downgraded shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley decreased their price target on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective for the company in a research report on Wednesday, December 11th. Finally, Citigroup cut their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $648.71.

Martin Marietta Materials Price Performance

Shares of MLM stock opened at $536.39 on Tuesday. Martin Marietta Materials, Inc. has a fifty-two week low of $490.05 and a fifty-two week 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 capitalization of $32.78 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 4.60 and a beta of 0.91. The stock’s 50-day simple moving average is $546.41 and its 200-day simple moving average is $550.93.

Martin Marietta Materials Dividend Announcement

The business also recently declared 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 of this dividend was Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 0.59%. Martin Marietta Materials’s payout ratio is 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.