Jefferies Financial Group Inc. Has $2.34 Million Holdings in Martin Marietta Materials, Inc. $MLM

Jefferies Financial Group Inc. lifted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 577.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,764 shares of the construction company’s stock after acquiring an additional 3,208 shares during the period. Jefferies Financial Group Inc.’s holdings in Martin Marietta Materials were worth $2,344,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Martin Marietta Materials by 1.3% in the third quarter. Vanguard Group Inc. now owns 7,442,945 shares of the construction company’s stock valued at $4,691,139,000 after acquiring an additional 93,595 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Martin Marietta Materials by 1.1% in the third quarter. Bank of America Corp DE now owns 2,365,832 shares of the construction company’s stock valued at $1,491,136,000 after acquiring an additional 25,155 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Martin Marietta Materials by 9.6% in the third quarter. Principal Financial Group Inc. now owns 2,204,425 shares of the construction company’s stock valued at $1,389,428,000 after acquiring an additional 192,637 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Martin Marietta Materials by 1.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,482 shares of the construction company’s stock valued at $259,344,000 after acquiring an additional 5,038 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Martin Marietta Materials by 1.2% in the third quarter. Raymond James Financial Inc. now owns 352,294 shares of the construction company’s stock valued at $222,044,000 after acquiring an additional 4,071 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Loop Capital downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective on the stock. in a research note on Wednesday, January 28th. Weiss Ratings upgraded shares of Martin Marietta Materials from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. B. Riley Financial upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective on the stock in a research note on Thursday, April 2nd. UBS Group set a $739.00 price objective on shares of Martin Marietta Materials in a research note on Sunday, May 10th. Finally, Royal Bank Of Canada reduced their price objective on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating on the stock in a research note on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $689.81.

Martin Marietta Materials Trading Up 4.6%

Shares of Martin Marietta Materials stock opened at $561.20 on Wednesday. The company has a market capitalization of $33.70 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.94 and a beta of 1.13. The company has a quick ratio of 1.11, a current ratio of 2.28 and a debt-to-equity ratio of 0.47. Martin Marietta Materials, Inc. has a 12-month low of $525.38 and a 12-month high of $710.97. The firm’s 50-day moving average price is $591.02 and its two-hundred day moving average price is $621.86.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.90 earnings per share. On average, analysts forecast that Martin Marietta Materials, Inc. will post 19.32 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is 7.91%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value?added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready?mixed concrete and related materials and services.