SeaCrest Wealth Management LLC Acquires 35 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

SeaCrest Wealth Management LLC boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 661 shares of the construction company’s stock after purchasing an additional 35 shares during the period. SeaCrest Wealth Management LLC’s holdings in Martin Marietta Materials were worth $341,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MLM. Edgestream Partners L.P. acquired a new stake in Martin Marietta Materials in the 2nd quarter valued at $673,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Martin Marietta Materials by 239.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,152 shares of the construction company’s stock valued at $3,333,000 after acquiring an additional 4,337 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Martin Marietta Materials by 6.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,964 shares of the construction company’s stock valued at $2,655,000 after purchasing an additional 284 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Martin Marietta Materials by 20.0% in the 2nd quarter. Hsbc Holdings PLC now owns 128,806 shares of the construction company’s stock worth $69,839,000 after purchasing an additional 21,488 shares during the last quarter. Finally, XTX Topco Ltd increased its position in shares of Martin Marietta Materials by 66.4% during the 2nd quarter. XTX Topco Ltd now owns 2,641 shares of the construction company’s stock worth $1,431,000 after purchasing an additional 1,054 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MLM shares. Loop Capital boosted their price target on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Barclays boosted 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. Finally, Raymond James lowered their target price on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $648.71.

Martin Marietta Materials Stock Performance

MLM stock opened at $543.33 on Friday. 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, Inc. has a twelve month low of $490.05 and a twelve month high of $633.23. The business’s fifty day moving average is $555.95 and its 200-day moving average is $550.86. The company has a market cap of $33.21 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. Martin Marietta Materials’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $6.94 EPS. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 17.6 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were issued a $0.79 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 0.58%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 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.