Martin Marietta Materials, Inc. $MLM Stock Holdings Lowered by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA reduced its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 149,912 shares of the construction company’s stock after selling 1,726 shares during the period. Martin Marietta Materials makes up approximately 6.0% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 7th biggest holding. Mcdonald Capital Investors Inc. CA owned 0.25% of Martin Marietta Materials worth $88,250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in shares of Martin Marietta Materials by 6.6% in the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock valued at $379,000 after buying an additional 49 shares in the last quarter. Empowered Funds LLC raised its position in shares of Martin Marietta Materials by 11.4% in the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock valued at $673,000 after buying an additional 144 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Martin Marietta Materials by 11.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after purchasing an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Martin Marietta Materials by 205.9% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company’s stock worth $143,000 after buying an additional 175 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its position in shares of Martin Marietta Materials by 22.6% during the 2nd quarter. Cresset Asset Management LLC now owns 777 shares of the construction company’s stock valued at $427,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Trading Down 1.4%

Shares of Martin Marietta Materials stock opened at $569.59 on Tuesday. The company has a market capitalization of $34.20 billion, a P/E ratio of 13.57, a PEG ratio of 2.46 and a beta of 1.10. Martin Marietta Materials, Inc. has a 1 year low of $525.38 and a 1 year high of $710.97. The company’s fifty day moving average is $580.92 and its two-hundred day moving average is $614.74. 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 (NYSE:MLM) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business earned $1.90 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Analysts forecast that Martin Marietta Materials, Inc. will post 19.38 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Raymond James Financial reiterated an “outperform” rating on shares of Martin Marietta Materials in a report on Monday, June 29th. Wall Street Zen lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Sunday. Truist Financial boosted their target price on Martin Marietta Materials from $710.00 to $730.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Martin Marietta Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 25th. Finally, Morgan Stanley lowered their price objective on Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $682.41.

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.