Numerai GP LLC Sells 1,281 Shares of Martin Marietta Materials, Inc. $MLM

Numerai GP LLC lowered its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 25.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,792 shares of the construction company’s stock after selling 1,281 shares during the period. Numerai GP LLC’s holdings in Martin Marietta Materials were worth $2,390,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MLM. Quent Capital LLC bought a new position in shares of Martin Marietta Materials in the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the 2nd quarter worth $28,000. Redmont Wealth Advisors LLC bought a new position in Martin Marietta Materials in the 3rd quarter worth $32,000. Grey Fox Wealth Advisors LLC purchased a new position in Martin Marietta Materials during the third quarter valued at $33,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Martin Marietta Materials in the second quarter worth about $37,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MLM. Citigroup boosted their price objective on Martin Marietta Materials from $780.00 to $804.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Jefferies Financial Group restated a “buy” rating and set a $785.00 price objective on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Weiss Ratings downgraded shares of Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 23rd. Truist Financial set a $710.00 price target on Martin Marietta Materials in a research note on Thursday, February 12th. Finally, Loop Capital cut Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price target on the stock. in a report on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Hold” and a consensus target price of $696.88.

Martin Marietta Materials Trading Up 0.3%

Martin Marietta Materials stock opened at $585.44 on Tuesday. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $710.97. The firm’s 50 day moving average price is $653.10 and its 200-day moving average price is $632.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.57 and a quick ratio of 2.36. The stock has a market cap of $35.31 billion, a P/E ratio of 31.14, a PEG ratio of 2.30 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($0.19). The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.79 earnings per share. On average, equities analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, March 2nd. Martin Marietta Materials’s payout ratio is 17.66%.

Martin Marietta Materials 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.