Fidelis Capital Partners LLC Has $603,000 Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Fidelis Capital Partners LLC lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,072 shares of the construction company’s stock after buying an additional 25 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Martin Marietta Materials were worth $603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its holdings in shares of Martin Marietta Materials by 411.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after buying an additional 37 shares in the last quarter. Asset Dedication LLC lifted its holdings in shares of Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after buying an additional 52 shares in the last quarter. Fortitude Family Office LLC raised its stake in Martin Marietta Materials by 186.4% in the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock valued at $34,000 after purchasing an additional 41 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in Martin Marietta Materials in the first quarter valued at about $41,000. Finally, Rothschild Investment LLC acquired a new position in Martin Marietta Materials in the second quarter valued at about $43,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Stifel Nicolaus dropped their price target on Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Citigroup dropped their price target on Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Morgan Stanley boosted their price target on Martin Marietta Materials from $610.00 to $657.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. dropped their price target on Martin Marietta Materials from $560.00 to $515.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Barclays lifted their target price on Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus target price of $621.50.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $604.71 on Thursday. The stock has a market cap of $36.96 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. The company has a current ratio of 1.86, a quick ratio of 0.94 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average is $538.61 and its 200-day moving average is $555.78. Martin Marietta Materials, Inc. has a 1-year low of $404.93 and a 1-year high of $626.67.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $4.76 earnings per share for the quarter, missing the consensus estimate of $5.36 by ($0.60). The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. Martin Marietta Materials had a return on equity of 13.85% and a net margin of 30.80%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $5.60 earnings per share. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.07 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were issued a $0.79 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.74. This represents a $3.16 annualized dividend and a yield of 0.52%. Martin Marietta Materials’s dividend payout ratio is presently 9.60%.

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.