M.D. Sass LLC Lowers Stock Position in Martin Marietta Materials, Inc. $MLM

M.D. Sass LLC trimmed its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 6.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 91,204 shares of the construction company’s stock after selling 6,031 shares during the quarter. Martin Marietta Materials makes up 4.5% of M.D. Sass LLC’s holdings, making the stock its 9th largest holding. M.D. Sass LLC’s holdings in Martin Marietta Materials were worth $56,789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MLM. Optima Capital LLC bought a new position in shares of Martin Marietta Materials during the 4th quarter valued at $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Martin Marietta Materials during the 3rd quarter valued at $27,000. Redmont Wealth Advisors LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter valued at $32,000. Union Bancaire Privee UBP SA bought a new position in shares of Martin Marietta Materials during the 4th quarter valued at $36,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Martin Marietta Materials during the 2nd quarter valued at $37,000. 95.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley lowered their price target on Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. B. Riley Financial raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price target on the stock in a report on Thursday, April 2nd. Stephens lowered their price target on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Wall Street Zen raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Citigroup lowered their price target on Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $681.94.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock opened at $578.65 on Wednesday. Martin Marietta Materials, Inc. has a one year low of $525.38 and a one year high of $710.97. The stock’s fifty day moving average is $591.02 and its 200 day moving average is $620.79. The stock has a market cap of $34.75 billion, a P/E ratio of 13.79, a P/E/G ratio of 2.42 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28.

Martin Marietta Materials (NYSE:MLM) last announced 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. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $1.90 EPS. Martin Marietta Materials’s revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

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 issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 7.91%.

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.