Martin Marietta Materials, Inc. $MLM Shares Sold by Mitchell Capital Management Co.

Mitchell Capital Management Co. decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 32.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,167 shares of the construction company’s stock after selling 3,456 shares during the quarter. Mitchell Capital Management Co.’s holdings in Martin Marietta Materials were worth $4,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Parr Mcknight Wealth Management Group LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at about $1,763,000. Essex Financial Services Inc. acquired a new position in Martin Marietta Materials in the 4th quarter valued at about $238,000. MUFG Securities EMEA plc raised its stake in Martin Marietta Materials by 114.5% in the 4th quarter. MUFG Securities EMEA plc now owns 2,475 shares of the construction company’s stock valued at $1,541,000 after purchasing an additional 1,321 shares during the last quarter. Norges Bank acquired a new position in Martin Marietta Materials in the 4th quarter valued at about $354,681,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Martin Marietta Materials in the 4th quarter valued at about $7,877,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

MLM has been the subject of several analyst reports. UBS Group set a $739.00 target price on shares of Martin Marietta Materials in a research note on Sunday, May 10th. Royal Bank Of Canada cut their target price on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating for the company in a research note on Monday, May 4th. Morgan Stanley cut their target price on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Weiss Ratings raised shares of Martin Marietta Materials from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Martin Marietta Materials presently has an average rating of “Moderate Buy” and a consensus price target of $689.81.

Martin Marietta Materials Price Performance

Martin Marietta Materials stock opened at $582.80 on Friday. Martin Marietta Materials, Inc. has a 1 year low of $525.38 and a 1 year high of $710.97. The firm has a 50 day moving average price of $590.95 and a 200 day moving average price of $621.11. The company has a market cap of $35.00 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.11 and a beta of 1.13. 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 released its earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share (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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. Martin Marietta Materials’s revenue was up 17.2% compared to the same quarter last year. Sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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 is Monday, June 1st. Martin Marietta Materials’s payout ratio is presently 7.91%.

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.