Martin Marietta Materials, Inc. $MLM Shares Acquired by Lbp Am Sa

Lbp Am Sa increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 110.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,917 shares of the construction company’s stock after buying an additional 1,008 shares during the quarter. Lbp Am Sa’s holdings in Martin Marietta Materials were worth $1,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Schear Investment Advisers LLC increased its holdings in shares of Martin Marietta Materials by 0.6% in the third quarter. Schear Investment Advisers LLC now owns 2,731 shares of the construction company’s stock valued at $1,721,000 after purchasing an additional 16 shares during the period. Parkside Financial Bank & Trust grew its position in Martin Marietta Materials by 10.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock valued at $99,000 after buying an additional 17 shares during the last quarter. Daymark Wealth Partners LLC increased its stake in Martin Marietta Materials by 3.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 448 shares of the construction company’s stock valued at $283,000 after buying an additional 17 shares during the period. Ritholtz Wealth Management raised its position in Martin Marietta Materials by 2.9% during the 3rd quarter. Ritholtz Wealth Management now owns 646 shares of the construction company’s stock worth $407,000 after buying an additional 18 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its stake in shares of Martin Marietta Materials by 1.9% in the 2nd quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company’s stock worth $533,000 after acquiring an additional 18 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Trading Up 0.1%

Shares of MLM opened at $649.70 on Thursday. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $668.83. The company has a current ratio of 2.97, a quick ratio of 2.07 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $39.18 billion, a P/E ratio of 34.25 and a beta of 1.15. The firm’s 50-day moving average is $632.94 and its two-hundred day moving average is $617.27.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing the consensus estimate of $6.62 by ($0.65). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Martin Marietta Materials had a return on equity of 11.68% and a net margin of 17.34%. On average, research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were issued a $0.83 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is 17.50%.

Wall Street Analyst Weigh In

MLM has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Loop Capital lowered Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective on the stock. in a report on Wednesday. B. Riley began coverage on Martin Marietta Materials in a research note on Thursday, January 15th. They set a “neutral” rating and a $700.00 target price for the company. Finally, UBS Group raised their price target on Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a report on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $675.31.

Martin Marietta Materials Company 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.