Steginsky Capital LLC Acquires 891 Shares of Martin Marietta Materials, Inc. $MLM

Steginsky Capital LLC raised its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,653 shares of the construction company’s stock after buying an additional 891 shares during the period. Martin Marietta Materials comprises approximately 13.8% of Steginsky Capital LLC’s investment portfolio, making the stock its 4th biggest holding. Steginsky Capital LLC’s holdings in Martin Marietta Materials were worth $75,415,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MLM. Quent Capital LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Martin Marietta Materials during the 2nd quarter worth approximately $28,000. Redmont Wealth Advisors LLC bought a new stake in Martin Marietta Materials in the 3rd quarter valued at $32,000. Grey Fox Wealth Advisors LLC acquired a new stake in Martin Marietta Materials during the 3rd quarter valued at $33,000. Finally, Clearstead Trust LLC lifted its holdings in Martin Marietta Materials by 93.8% during the 2nd quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock valued at $34,000 after purchasing an additional 30 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Martin Marietta Materials from $631.00 to $612.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. DA Davidson set a $680.00 price target on shares of Martin Marietta Materials in a research note on Thursday, February 12th. Weiss Ratings lowered shares of Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. Jefferies Financial Group restated a “buy” rating and set a $785.00 price objective on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Finally, Truist Financial set a $710.00 price objective on Martin Marietta Materials in a report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Martin Marietta Materials has a consensus rating of “Hold” and an average target price of $696.88.

Martin Marietta Materials Stock Down 1.7%

MLM opened at $597.39 on Thursday. The stock has a fifty day moving average of $655.97 and a 200-day moving average of $632.98. The company has a market capitalization of $36.03 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.40 and a beta of 1.13. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $710.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.36 and a current ratio of 3.57.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing the consensus estimate of $4.81 by ($0.19). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.66 billion. Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $4.79 earnings per share. On average, equities analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is currently 17.66%.

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.