Martin Marietta Materials, Inc. (NYSE:MLM) Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 431 shares of the construction company’s stock after acquiring an additional 26 shares during the quarter. Howard Capital Management Inc.’s holdings in Martin Marietta Materials were worth $223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new stake in Martin Marietta Materials during the third quarter worth $33,000. Kestra Investment Management LLC acquired a new stake in shares of Martin Marietta Materials in the fourth quarter valued at $35,000. R Squared Ltd acquired a new stake in shares of Martin Marietta Materials in the fourth quarter valued at $41,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Martin Marietta Materials in the fourth quarter valued at $41,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Martin Marietta Materials in the third quarter valued at $49,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 0.2 %

Shares of NYSE MLM opened at $489.72 on Wednesday. The company has a market capitalization of $29.93 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The business has a 50-day moving average of $528.99 and a two-hundred day moving average of $546.80. Martin Marietta Materials, Inc. has a 1 year low of $482.72 and a 1 year high of $633.23.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results 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 return on equity of 12.11% and a net margin of 30.54%. On average, 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 issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s payout ratio is currently 9.77%.

Wall Street Analysts Forecast Growth

MLM has been the subject of a number of research reports. Loop Capital dropped their price objective on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Barclays dropped their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. 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 cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley dropped their price objective 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus price target 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.