Rathbones Group PLC Has $123.41 Million Stock Holdings in Martin Marietta Materials, Inc. $MLM

Rathbones Group PLC trimmed its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,201 shares of the construction company’s stock after selling 3,875 shares during the quarter. Rathbones Group PLC owned about 0.33% of Martin Marietta Materials worth $123,412,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Optima Capital LLC acquired a new stake in Martin Marietta Materials in the fourth quarter worth $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Martin Marietta Materials in the third quarter worth $27,000. Redmont Wealth Advisors LLC acquired a new stake in Martin Marietta Materials in the third quarter worth $32,000. Grey Fox Wealth Advisors LLC acquired a new stake in Martin Marietta Materials in the third quarter worth $33,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Martin Marietta Materials in the fourth quarter worth $36,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Up 1.6%

Shares of NYSE MLM opened at $541.32 on Thursday. The stock has a market capitalization of $32.51 billion, a P/E ratio of 12.90, a P/E/G ratio of 1.93 and a beta of 1.13. The company has a 50-day moving average price of $595.04 and a 200-day moving average price of $623.93. Martin Marietta Materials, Inc. has a 1 year low of $525.38 and a 1 year high of $710.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data 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. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the company earned $1.90 earnings per share. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.32 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 7.91%.

Analyst Ratings Changes

A number of equities research analysts have commented on MLM shares. Loop Capital cut shares of Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price target for the company. in a report on Wednesday, January 28th. Zacks Research upgraded shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Truist Financial raised their price target on shares of Martin Marietta Materials from $710.00 to $730.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Morgan Stanley reduced their price target on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Finally, B. Riley Financial upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective for the company in a report on Thursday, April 2nd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $689.81.

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.