Hantz Financial Services Inc. Has $1.91 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Hantz Financial Services Inc. boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,538 shares of the construction company’s stock after acquiring an additional 59 shares during the period. Hantz Financial Services Inc.’s holdings in Martin Marietta Materials were worth $1,905,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC boosted its position in shares of Martin Marietta Materials by 15.3% in the 3rd quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock worth $1,353,936,000 after purchasing an additional 334,605 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Martin Marietta Materials by 76.2% during the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock worth $876,648,000 after buying an additional 704,460 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Martin Marietta Materials by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 623,681 shares of the construction company’s stock worth $337,903,000 after buying an additional 12,759 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Martin Marietta Materials by 54.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock valued at $251,784,000 after acquiring an additional 164,503 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Martin Marietta Materials by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 465,703 shares of the construction company’s stock valued at $252,318,000 after acquiring an additional 11,749 shares during the period. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Trading Up 0.7 %

NYSE:MLM opened at $600.00 on Friday. The company has a market cap of $36.67 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 4.04 and a beta of 0.90. Martin Marietta Materials, Inc. has a twelve month low of $456.83 and a twelve month high of $633.23. The business has a 50 day moving average price of $571.19 and a two-hundred day moving average price of $556.23. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $6.94 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, analysts expect that Martin Marietta Materials, Inc. will post 17.58 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 2nd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio is currently 9.85%.

Analyst Ratings Changes

A number of research analysts recently issued reports on MLM shares. Morgan Stanley boosted their price objective on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Jefferies Financial Group decreased their price target on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Barclays raised their price objective on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. StockNews.com raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, BNP Paribas raised Martin Marietta Materials to a “strong-buy” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $644.46.

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.