CW Advisors LLC Sells 6,050 Shares of Martin Marietta Materials, Inc. $MLM

CW Advisors LLC decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 9.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,797 shares of the construction company’s stock after selling 6,050 shares during the quarter. CW Advisors LLC’s holdings in Martin Marietta Materials were worth $31,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Martin Marietta Materials in the 2nd quarter worth approximately $28,000. Zions Bancorporation National Association UT purchased a new stake in Martin Marietta Materials during the first quarter valued at approximately $30,000. NewSquare Capital LLC increased its holdings in Martin Marietta Materials by 62.2% during the second quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after buying an additional 23 shares during the last quarter. Clearstead Trust LLC raised its position in Martin Marietta Materials by 93.8% in the second quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock worth $34,000 after acquiring an additional 30 shares during the period. Finally, Aspect Partners LLC boosted its stake in shares of Martin Marietta Materials by 540.0% during the 2nd quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock worth $35,000 after acquiring an additional 54 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MLM. Royal Bank Of Canada restated a “sector perform” rating and issued a $525.00 price objective (up from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Stifel Nicolaus raised their price objective on Martin Marietta Materials from $637.00 to $681.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. UBS Group lifted their price objective on Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Finally, Barclays lifted their price target on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $647.81.

Martin Marietta Materials Stock Down 1.1%

Shares of MLM opened at $608.39 on Wednesday. The business’s 50 day moving average is $618.76 and its 200 day moving average is $593.25. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. 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 $36.69 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 5.57 and a beta of 1.06.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). The company 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 16.47% and a return on equity of 11.88%. Research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 17.50%.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.