KBC Group NV Has $3.50 Million Stock Holdings in Martin Marietta Materials, Inc. $MLM

KBC Group NV trimmed its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 21.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,947 shares of the construction company’s stock after selling 1,597 shares during the quarter. KBC Group NV’s holdings in Martin Marietta Materials were worth $3,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lido Advisors LLC lifted its stake in shares of Martin Marietta Materials by 0.8% during the 4th quarter. Lido Advisors LLC now owns 1,920 shares of the construction company’s stock worth $1,209,000 after buying an additional 15 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in Martin Marietta Materials by 3.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company’s stock valued at $264,000 after buying an additional 16 shares during the last quarter. Harbour Investments Inc. grew its stake in Martin Marietta Materials by 31.4% in the 4th quarter. Harbour Investments Inc. now owns 67 shares of the construction company’s stock valued at $42,000 after buying an additional 16 shares during the last quarter. AMG National Trust Bank raised its holdings in Martin Marietta Materials by 3.6% in the 1st quarter. AMG National Trust Bank now owns 495 shares of the construction company’s stock valued at $291,000 after acquiring an additional 17 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in Martin Marietta Materials by 0.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,186 shares of the construction company’s stock valued at $1,361,000 after acquiring an additional 17 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $560.71 on Friday. The company has a market cap of $33.67 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 2.32 and a beta of 1.10. Martin Marietta Materials, Inc. has a fifty-two week low of $525.38 and a fifty-two week high of $710.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. The stock has a fifty day moving average price of $575.98 and a 200-day moving average price of $610.19.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company 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 revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business earned $1.90 earnings per share. As a group, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.43 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MLM. Zacks Research upgraded Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Royal Bank Of Canada lowered their target price on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating on the stock in a research note on Monday, May 4th. Berenberg Bank set a $556.00 price target on Martin Marietta Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Wells Fargo & Company boosted their price target on Martin Marietta Materials from $614.00 to $616.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley decreased their price objective 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 equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average price target of $681.53.

About Martin Marietta Materials

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.