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

Venturi Wealth Management LLC lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 131.5% in the fourth quarter, HoldingsChannel reports. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in Martin Marietta Materials in the third quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new stake in Martin Marietta Materials in the fourth quarter valued at about $41,000. R Squared Ltd bought a new stake in Martin Marietta Materials in the fourth quarter valued at about $41,000. Larson Financial Group LLC bought a new stake in Martin Marietta Materials in the third quarter valued at about $49,000. Finally, Fortitude Family Office LLC increased its holdings in Martin Marietta Materials by 60.3% in 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 last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 3.2 %

MLM stock opened at $489.94 on Friday. 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 stock has a market capitalization 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 has a 50-day moving average of $531.34 and a 200-day moving average of $547.49. Martin Marietta Materials, Inc. has a fifty-two week low of $482.72 and a fifty-two 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 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.64%. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MLM. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Thursday. HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. Finally, Barclays lowered their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock 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.