Great Lakes Advisors LLC Cuts Stock Holdings in Martin Marietta Materials, Inc. $MLM

Great Lakes Advisors LLC decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 183,100 shares of the construction company’s stock after selling 1,360 shares during the period. Great Lakes Advisors LLC’s holdings in Martin Marietta Materials were worth $114,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MLM. Optima Capital LLC purchased a new position in shares of Martin Marietta Materials in the 4th quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Martin Marietta Materials in the 3rd quarter worth approximately $27,000. Redmont Wealth Advisors LLC purchased a new position in shares of Martin Marietta Materials in the 3rd quarter worth approximately $32,000. Union Bancaire Privee UBP SA purchased a new position in shares of Martin Marietta Materials in the 4th quarter worth approximately $36,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Martin Marietta Materials in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

MLM has been the topic of a number of analyst reports. DA Davidson set a $680.00 price objective on shares of Martin Marietta Materials in a research report on Thursday, February 12th. Stephens cut their price objective on shares of 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. Raymond James Financial set a $690.00 price objective on shares of Martin Marietta Materials in a research report on Monday, April 27th. Royal Bank Of Canada cut 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 report on Monday, May 4th. Finally, Morgan Stanley cut their price objective on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $681.94.

Martin Marietta Materials Stock Up 2.3%

MLM stock opened at $565.58 on Friday. The firm has a 50 day moving average of $589.95 and a 200 day moving average of $619.18. The stock has a market capitalization of $33.96 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. 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 52 week low of $525.38 and a 52 week high of $710.97.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the business earned $1.90 EPS. Sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend payout ratio (DPR) is 7.91%.

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.