Martin Marietta Materials, Inc. $MLM Holdings Lowered by Tran Capital Management L.P.

Tran Capital Management L.P. cut its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,534 shares of the construction company’s stock after selling 4,775 shares during the period. Martin Marietta Materials accounts for 4.0% of Tran Capital Management L.P.’s holdings, making the stock its 10th biggest holding. Tran Capital Management L.P. owned 0.09% of Martin Marietta Materials worth $33,742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schear Investment Advisers LLC boosted its position in shares of Martin Marietta Materials by 0.6% during the third quarter. Schear Investment Advisers LLC now owns 2,731 shares of the construction company’s stock worth $1,721,000 after acquiring an additional 16 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings 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 acquiring an additional 17 shares during the last quarter. Daymark Wealth Partners LLC lifted 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 worth $283,000 after purchasing an additional 17 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of Martin Marietta Materials by 1.9% during the 2nd quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company’s stock valued at $533,000 after purchasing an additional 18 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Martin Marietta Materials by 2.5% during the 2nd quarter. Personal CFO Solutions LLC now owns 787 shares of the construction company’s stock valued at $432,000 after purchasing an additional 19 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MLM shares. UBS Group increased their price target on Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Wall Street Zen lowered shares of Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Stifel Nicolaus boosted their price target on shares of Martin Marietta Materials from $637.00 to $681.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. DA Davidson set a $690.00 price objective on shares of Martin Marietta Materials in a research report on Thursday, November 6th. Finally, Barclays upped their target price on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Martin Marietta Materials has a consensus rating of “Moderate Buy” and an average target price of $662.29.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM opened at $625.29 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.07 and a debt-to-equity ratio of 0.54. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $665.18. The company has a market capitalization of $37.71 billion, a price-to-earnings ratio of 32.96 and a beta of 1.15. The firm’s 50-day moving average is $620.72 and its 200 day moving average is $607.33.

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

Martin Marietta Materials Announces Dividend

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

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.