LexAurum Advisors LLC Sells 24 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

LexAurum Advisors LLC cut its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 609 shares of the construction company’s stock after selling 24 shares during the period. LexAurum Advisors LLC’s holdings in Martin Marietta Materials were worth $291,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new position in shares of Martin Marietta Materials in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth $32,000. Kestra Investment Management LLC bought a new position in Martin Marietta Materials during the fourth quarter worth $35,000. Hopwood Financial Services Inc. bought a new position in Martin Marietta Materials during the fourth quarter worth $36,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Martin Marietta Materials by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock valued at $37,000 after buying an additional 34 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MLM has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Raymond James cut their target price on Martin Marietta Materials from $600.00 to $597.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. UBS Group raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and raised their target price for the stock from $548.00 to $634.00 in a research note on Friday, May 16th. Barclays lowered their target price on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, Loop Capital cut their price target on Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $610.69.

Martin Marietta Materials Trading Up 0.2%

Shares of MLM stock opened at $551.29 on Monday. The stock has a market capitalization of $33.23 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 4.45 and a beta of 0.89. The company’s fifty day simple moving average is $521.85 and its two-hundred day simple moving average is $523.52. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $633.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.88 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.93 EPS. As a group, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be given a $0.79 dividend. The ex-dividend date is Monday, June 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.57%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 18.20%.

About Martin Marietta Materials

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.