Ycg LLC Buys 961 Shares of Martin Marietta Materials, Inc. $MLM

Ycg LLC grew its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,371 shares of the construction company’s stock after purchasing an additional 961 shares during the period. Ycg LLC’s holdings in Martin Marietta Materials were worth $12,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MLM. Ritholtz Wealth Management lifted its holdings in Martin Marietta Materials by 2.9% in the third quarter. Ritholtz Wealth Management now owns 646 shares of the construction company’s stock worth $407,000 after buying an additional 18 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Martin Marietta Materials in the 3rd quarter worth approximately $1,261,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Martin Marietta Materials in the 3rd quarter valued at approximately $2,036,000. Wilmington Savings Fund Society FSB boosted its position in shares of Martin Marietta Materials by 34.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 480 shares of the construction company’s stock valued at $303,000 after purchasing an additional 122 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Martin Marietta Materials by 8.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,550 shares of the construction company’s stock worth $1,607,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MLM shares. JPMorgan Chase & Co. boosted their target price on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. B. Riley initiated coverage on shares of Martin Marietta Materials in a research note on Thursday. They set a “neutral” rating and a $700.00 price objective on the stock. Wall Street Zen downgraded shares of Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. DA Davidson reissued a “neutral” rating and issued a $690.00 price target on shares of Martin Marietta Materials in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on Martin Marietta Materials from $660.00 to $690.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $670.63.

Martin Marietta Materials Trading Up 1.8%

Shares of NYSE:MLM opened at $652.35 on Friday. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $668.83. The stock’s fifty day moving average price is $626.04 and its 200-day moving average price is $612.04. The company has a market cap of $39.34 billion, a P/E ratio of 34.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.07.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results 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). Martin Marietta Materials had a return on equity of 11.68% and a net margin of 17.34%.The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Martin Marietta Materials’s payout ratio is 17.50%.

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.