MQS Management LLC Makes New Investment in Martin Marietta Materials, Inc. $MLM

MQS Management LLC bought a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 869 shares of the construction company’s stock, valued at approximately $512,000.

Other large investors have also recently made changes to their positions in the company. Premier Path Wealth Partners LLC raised its stake in Martin Marietta Materials by 4.3% during the first quarter. Premier Path Wealth Partners LLC now owns 941 shares of the construction company’s stock valued at $554,000 after purchasing an additional 39 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Martin Marietta Materials by 213.0% during the first quarter. SJS Investment Consulting Inc. now owns 72 shares of the construction company’s stock valued at $42,000 after buying an additional 49 shares during the last quarter. Inspire Investing LLC increased its stake in Martin Marietta Materials by 9.8% in the 1st quarter. Inspire Investing LLC now owns 573 shares of the construction company’s stock worth $337,000 after buying an additional 51 shares during the period. Apollon Wealth Management LLC raised its position in Martin Marietta Materials by 6.9% during the 1st quarter. Apollon Wealth Management LLC now owns 3,004 shares of the construction company’s stock valued at $1,768,000 after purchasing an additional 195 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Martin Marietta Materials by 4.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 37,286 shares of the construction company’s stock valued at $21,950,000 after purchasing an additional 1,577 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

MLM stock opened at $575.74 on Wednesday. Martin Marietta Materials, Inc. has a 12-month low of $525.38 and a 12-month high of $710.97. The company has a market cap of $34.57 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 2.47 and a beta of 1.10. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $586.45 and a 200-day moving average of $617.60.

Martin Marietta Materials (NYSE:MLMGet Free Report) last released its earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.90 earnings per share. As a group, equities analysts expect that Martin Marietta Materials, Inc. will post 19.41 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were paid a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.32 annualized dividend and a yield of 0.6%. Martin Marietta Materials’s payout ratio is presently 7.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price target on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating on the stock in a research report on Monday, May 4th. Truist Financial boosted their price objective on Martin Marietta Materials from $710.00 to $730.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Morgan Stanley dropped their target price on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a report on Monday, April 6th. UBS Group set a $739.00 price objective on shares of Martin Marietta Materials in a research report on Sunday, May 10th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Martin Marietta Materials in a research note on Monday. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $681.94.

View Our Latest Research Report on MLM

Martin Marietta Materials News Roundup

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Martin Marietta Materials Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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