Martin Marietta Materials, Inc. $MLM Position Trimmed by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA lessened its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 151,638 shares of the construction company’s stock after selling 5,900 shares during the period. Martin Marietta Materials accounts for 5.8% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 8th biggest position. Mcdonald Capital Investors Inc. CA’s holdings in Martin Marietta Materials were worth $94,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Martin Marietta Materials by 31.9% during the 2nd quarter. Bank of America Corp DE now owns 2,340,677 shares of the construction company’s stock valued at $1,284,938,000 after acquiring an additional 565,856 shares during the period. Principal Financial Group Inc. raised its stake in Martin Marietta Materials by 9.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,204,425 shares of the construction company’s stock worth $1,389,428,000 after acquiring an additional 192,637 shares during the period. Millennium Management LLC lifted its holdings in Martin Marietta Materials by 1,570.3% during the third quarter. Millennium Management LLC now owns 108,167 shares of the construction company’s stock valued at $68,175,000 after purchasing an additional 115,524 shares in the last quarter. Freestone Grove Partners LP boosted its position in shares of Martin Marietta Materials by 748.5% in the third quarter. Freestone Grove Partners LP now owns 124,963 shares of the construction company’s stock worth $78,762,000 after purchasing an additional 110,236 shares during the period. Finally, Vanguard Group Inc. increased 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 worth $4,691,139,000 after purchasing an additional 93,595 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $612.52 on Thursday. The business’s 50-day moving average is $616.44 and its 200 day moving average is $628.16. Martin Marietta Materials, Inc. has a 12 month low of $490.31 and a 12 month high of $710.97. The company has a market capitalization of $36.91 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.24 and a beta of 1.19. The company has a current ratio of 3.57, a quick ratio of 2.36 and a debt-to-equity ratio of 0.53.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.43). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The company’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 earnings per share. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.51 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd were given a dividend of $0.83 per share. The ex-dividend date was Monday, March 2nd. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is 17.66%.

Wall Street Analyst Weigh In

MLM has been the topic of a number of analyst reports. Truist Financial set a $710.00 target price on shares of Martin Marietta Materials in a research note on Thursday, February 12th. Stephens lowered their price objective on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Citigroup increased their target price on Martin Marietta Materials from $780.00 to $804.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings cut Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $630.00 price target on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $692.69.

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.