Martin Marietta Materials, Inc. $MLM is Bluegrass Capital Partners LP’s 9th Largest Position

Bluegrass Capital Partners LP lowered its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 73.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,000 shares of the construction company’s stock after selling 19,000 shares during the period. Martin Marietta Materials comprises 2.6% of Bluegrass Capital Partners LP’s investment portfolio, making the stock its 9th biggest position. Bluegrass Capital Partners LP’s holdings in Martin Marietta Materials were worth $4,359,000 as of its most recent filing with the Securities & Exchange Commission.

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

Martin Marietta Materials Trading Down 0.2%

Shares of NYSE:MLM opened at $537.00 on Friday. Martin Marietta Materials, Inc. has a 52 week low of $525.38 and a 52 week high of $710.97. The company’s 50 day moving average is $592.46 and its two-hundred day moving average is $622.80. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. The company has a market cap of $32.25 billion, a PE ratio of 12.80, a P/E/G ratio of 1.95 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last announced 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. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $1.90 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities analysts predict that Martin Marietta Materials, Inc. will post 19.32 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Zacks Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Morgan Stanley decreased their target price on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Truist Financial boosted their target price on shares of Martin Marietta Materials from $710.00 to $730.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wells Fargo & Company boosted their target price on shares of Martin Marietta Materials from $608.00 to $614.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $689.81.

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.