Martin Marietta Materials, Inc. $MLM is M.D. Sass LLC’s 6th Largest Position

M.D. Sass LLC reduced its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 21.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,235 shares of the construction company’s stock after selling 25,797 shares during the period. Martin Marietta Materials accounts for about 5.0% of M.D. Sass LLC’s holdings, making the stock its 6th biggest position. M.D. Sass LLC owned 0.16% of Martin Marietta Materials worth $61,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in Martin Marietta Materials by 6.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock worth $379,000 after acquiring an additional 49 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Martin Marietta Materials by 11.4% during the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock worth $673,000 after purchasing an additional 144 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Martin Marietta Materials by 11.1% during the second quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after purchasing an additional 51 shares in the last quarter. Ascent Group LLC acquired a new stake in shares of Martin Marietta Materials in the 2nd quarter valued at about $202,000. Finally, QRG Capital Management Inc. boosted its position in shares of Martin Marietta Materials by 15.1% in the 2nd quarter. QRG Capital Management Inc. now owns 2,374 shares of the construction company’s stock valued at $1,303,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Trading Down 0.2%

Shares of Martin Marietta Materials stock opened at $670.07 on Friday. The firm has a market cap of $40.41 billion, a price-to-earnings ratio of 35.32 and a beta of 1.16. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $679.56. The company’s 50-day simple moving average is $638.82 and its 200-day simple moving average is $621.22. The company has a quick ratio of 2.07, a current ratio of 2.97 and a debt-to-equity ratio of 0.54.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). The business had revenue of $1.85 billion during 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%. As a group, equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were issued a $0.83 dividend. The ex-dividend date of this dividend 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 17.50%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MLM shares. Jefferies Financial Group boosted their price objective on Martin Marietta Materials from $725.00 to $730.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Thursday, January 22nd. Wells Fargo & Company lifted their price objective on shares of Martin Marietta Materials from $610.00 to $631.00 and gave the company an “equal weight” rating in a research note on Thursday, January 29th. B. Riley started coverage on Martin Marietta Materials in a report on Thursday, January 15th. They set a “neutral” rating and a $700.00 price target on the stock. Finally, Raymond James Financial boosted their price target on Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Martin Marietta Materials presently has an average rating of “Moderate Buy” and an average target price of $676.63.

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.