Martin Marietta Materials, Inc. $MLM Stock Holdings Lessened by One Way Holdings LLC

One Way Holdings LLC cut its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 98.2% during the third quarter, Holdings Channel reports. The firm owned 489 shares of the construction company’s stock after selling 26,815 shares during the quarter. One Way Holdings LLC’s holdings in Martin Marietta Materials were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MLM. BlackRock Inc. purchased a new stake in shares of Martin Marietta Materials during the second quarter valued at $2,706,134,000. Bank of America Corp DE purchased a new position in Martin Marietta Materials in the 2nd quarter worth about $1,411,047,000. Dimensional Fund Advisors LP increased its stake in Martin Marietta Materials by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 546,170 shares of the construction company’s stock worth $321,442,000 after purchasing an additional 5,764 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Martin Marietta Materials by 13.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 386,046 shares of the construction company’s stock worth $222,633,000 after purchasing an additional 46,228 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Martin Marietta Materials during the 2nd quarter worth about $199,321,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $552.45 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a 1 year low of $464.92 and a 1 year high of $710.97. The business has a fifty day simple moving average of $502.64 and a 200 day simple moving average of $575.51. The firm has a market cap of $33.18 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 2.65 and a beta of 1.08.

Martin Marietta Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 1st were given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.83. Martin Marietta Materials’s payout ratio is currently 8.26%.

Wall Street Analysts Forecast Growth

MLM has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on Martin Marietta Materials from $620.00 to $530.00 and set a “sector perform” rating on the stock in a report on Friday, October 9th. Wall Street Zen cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Tuesday, July 28th. HSBC dropped their target price on shares of Martin Marietta Materials from $750.00 to $665.00 and set a “buy” rating on the stock in a research report on Tuesday, September 8th. Sanford C. Bernstein lowered shares of Martin Marietta Materials to an “underweight” rating in a report on Wednesday, September 2nd. Finally, Raymond James Financial reduced their price target on shares of Martin Marietta Materials from $660.00 to $640.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Fifteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $642.05.

About Martin Marietta Materials

Martin Marietta Materials, Inc is a supplier of construction materials serving the infrastructure, commercial, residential and industrial markets. The company’s primary business is aggregates, including crushed stone, sand and gravel used in roads, bridges, buildings and other construction projects.

Martin Marietta also produces cement, ready-mixed concrete and asphalt products, and provides paving and related construction services in selected markets. Through its Magnesia Specialties business, the company manufactures magnesium-based and dolomitic lime products used in industrial, environmental and agricultural applications.

Headquartered in Raleigh, North Carolina, Martin Marietta Materials became an independent publicly traded company in 1993 following a spin-off from Martin Marietta Corporation.