Martin Marietta Materials, Inc. $MLM is Pelham Capital Ltd.’s 7th Largest Position

Pelham Capital Ltd. trimmed its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 17.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,818 shares of the construction company’s stock after selling 5,234 shares during the period. Martin Marietta Materials accounts for about 8.2% of Pelham Capital Ltd.’s investment portfolio, making the stock its 7th biggest holding. Pelham Capital Ltd.’s holdings in Martin Marietta Materials were worth $15,453,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MLM. Optima Capital LLC purchased a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $27,000. Redmont Wealth Advisors LLC purchased a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $32,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Martin Marietta Materials in the 4th quarter worth approximately $36,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Martin Marietta Materials in the 2nd quarter worth approximately $37,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $581.54 on Friday. The business’s fifty day moving average price is $591.56 and its two-hundred day moving average price is $620.30. The stock has a market cap of $34.92 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. Martin Marietta Materials, Inc. has a one year low of $525.38 and a one year high of $710.97.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.Martin Marietta Materials’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 EPS. On average, analysts forecast that Martin Marietta Materials, Inc. will post 19.41 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be given 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, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is 7.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group set a $739.00 price target on Martin Marietta Materials in a report on Sunday, May 10th. Barclays lowered their price target on Martin Marietta Materials from $675.00 to $640.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. B. Riley Financial upgraded Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price target on the stock in a report on Thursday, April 2nd. Wells Fargo & Company upped their price target on Martin Marietta Materials from $608.00 to $614.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Morgan Stanley lowered their price target on Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $681.94.

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.