O Shaughnessy Asset Management LLC Grows Stock Holdings in Martin Marietta Materials, Inc. $MLM

O Shaughnessy Asset Management LLC lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,475 shares of the construction company’s stock after purchasing an additional 997 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Martin Marietta Materials were worth $7,145,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MLM. Optima Capital LLC purchased a new stake in shares of Martin Marietta Materials during the 4th quarter worth $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Martin Marietta Materials during the 3rd quarter worth $27,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Martin Marietta Materials during the 3rd quarter worth $32,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Martin Marietta Materials during the 4th quarter worth $36,000. Finally, Osterweis Capital Management Inc. purchased a new stake in Martin Marietta Materials in the second quarter valued at $37,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Trading Down 3.2%

NYSE MLM opened at $553.97 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. The firm has a market cap of $33.27 billion, a PE ratio of 13.20, a P/E/G ratio of 2.43 and a beta of 1.10. Martin Marietta Materials, Inc. has a one year low of $525.38 and a one year high of $710.97. The firm’s fifty day moving average is $590.42 and its two-hundred day moving average is $619.45.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. Martin Marietta Materials’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 earnings per share. Analysts expect that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Wall Street Zen cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Stephens reduced their price target on shares of Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Truist Financial boosted their price target on shares of Martin Marietta Materials from $710.00 to $730.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Citigroup reduced their price target on shares of Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and an average target price of $681.94.

About Martin Marietta Materials

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.