Martin Marietta Materials, Inc. (NYSE:MLM) Shares Bought by Pillar Pacific Capital Management LLC


Share on StockTwits

Pillar Pacific Capital Management LLC lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,755 shares of the construction company’s stock after acquiring an additional 58 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Martin Marietta Materials were worth $6,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MLM. Morgan Stanley boosted its position in Martin Marietta Materials by 135.2% during the 3rd quarter. Morgan Stanley now owns 2,407,700 shares of the construction company’s stock valued at $566,676,000 after purchasing an additional 1,383,932 shares during the period. Egerton Capital UK LLP acquired a new position in Martin Marietta Materials during the 3rd quarter worth $216,649,000. CIBC Private Wealth Group LLC acquired a new position in Martin Marietta Materials during the 3rd quarter worth $80,841,000. Findlay Park Partners LLP boosted its position in Martin Marietta Materials by 39.1% during the 3rd quarter. Findlay Park Partners LLP now owns 669,511 shares of the construction company’s stock worth $157,576,000 after acquiring an additional 188,163 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Martin Marietta Materials by 8.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,449,811 shares of the construction company’s stock worth $411,703,000 after acquiring an additional 112,950 shares during the period. Institutional investors own 97.77% of the company’s stock.

Martin Marietta Materials stock traded up $4.03 during trading hours on Tuesday, hitting $332.13. The stock had a trading volume of 7,091 shares, compared to its average volume of 610,465. The company has a 50-day moving average of $307.48 and a two-hundred day moving average of $263.06. The company has a quick ratio of 1.85, a current ratio of 3.27 and a debt-to-equity ratio of 0.46. The company has a market cap of $20.68 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 5.79 and a beta of 0.69. Martin Marietta Materials, Inc. has a fifty-two week low of $135.08 and a fifty-two week high of $338.77.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, February 9th. The construction company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.28 by $0.65. Martin Marietta Materials had a return on equity of 12.22% and a net margin of 14.38%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $2.09 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts forecast that Martin Marietta Materials, Inc. will post 10.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Stockholders of record on Monday, March 1st will be issued a $0.57 dividend. The ex-dividend date is Friday, February 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.69%. Martin Marietta Materials’s payout ratio is presently 23.41%.

A number of research analysts have issued reports on MLM shares. Deutsche Bank Aktiengesellschaft boosted their price target on Martin Marietta Materials from $311.00 to $318.00 and gave the stock a “buy” rating in a research report on Monday, November 23rd. Stifel Nicolaus boosted their price objective on Martin Marietta Materials from $284.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, December 15th. Truist boosted their price objective on Martin Marietta Materials from $233.00 to $290.00 in a research note on Wednesday, November 18th. Raymond James initiated coverage on Martin Marietta Materials in a research report on Wednesday, February 3rd. They set a “market perform” rating on the stock. Finally, Barclays boosted their target price on Martin Marietta Materials from $220.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Monday, December 21st. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Martin Marietta Materials has a consensus rating of “Hold” and an average target price of $266.04.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy 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; Portland and specialty cement used in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

Further Reading: How to interpret the current ratio

Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.