V Square Quantitative Management LLC Has $573,000 Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

V Square Quantitative Management LLC lessened its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.7% in the second quarter, Holdings Channel reports. The firm owned 1,057 shares of the construction company’s stock after selling 76 shares during the quarter. V Square Quantitative Management LLC’s holdings in Martin Marietta Materials were worth $573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MLM. Ables Iannone Moore & Associates Inc. acquired a new position in Martin Marietta Materials in the fourth quarter valued at about $25,000. Riverview Trust Co acquired a new position in Martin Marietta Materials in the first quarter valued at about $26,000. Benjamin Edwards Inc. raised its stake in Martin Marietta Materials by 78.8% in the fourth quarter. Benjamin Edwards Inc. now owns 59 shares of the construction company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Oliver Lagore Vanvalin Investment Group raised its stake in Martin Marietta Materials by 74.3% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 61 shares of the construction company’s stock valued at $30,000 after purchasing an additional 26 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new position in Martin Marietta Materials during the first quarter worth about $31,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

MLM has been the subject of several research analyst reports. Stifel Nicolaus lowered their target price on Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Citigroup lowered their target price on Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating for the company in a research note on Monday. Truist Financial lowered their target price on Martin Marietta Materials from $700.00 to $670.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Loop Capital lowered their target price on Martin Marietta Materials from $630.00 to $615.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Stephens lowered their target price on Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $624.18.

Martin Marietta Materials Trading Down 0.1 %

Martin Marietta Materials stock traded down $0.60 during mid-day trading on Wednesday, hitting $526.45. 202,988 shares of the stock were exchanged, compared to its average volume of 443,933. The company has a quick ratio of 2.41, a current ratio of 3.16 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a 12 month low of $389.90 and a 12 month high of $626.67. The firm’s fifty day simple moving average is $551.54 and its two-hundred day simple moving average is $569.81. The stock has a market capitalization of $32.45 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 3.12 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $4.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.36 by ($0.60). Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the business posted $5.60 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Analysts forecast that Martin Marietta Materials, Inc. will post 22.86 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, June 3rd. Martin Marietta Materials’s dividend payout ratio is 8.77%.

Martin Marietta Materials Company Profile

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.