Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA decreased its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,109 shares of the construction company’s stock after selling 1,928 shares during the period. Martin Marietta Materials accounts for 3.3% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 12th largest holding. Mcdonald Capital Investors Inc. CA owned about 0.17% of Martin Marietta Materials worth $54,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its stake in Martin Marietta Materials by 411.1% in the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock valued at $25,000 after acquiring an additional 37 shares in the last quarter. Asset Dedication LLC grew its stake in Martin Marietta Materials by 1,300.0% during the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after buying an additional 52 shares during the last quarter. Fortitude Family Office LLC increased its position in Martin Marietta Materials by 186.4% during the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock worth $34,000 after buying an additional 41 shares during the period. Pathway Financial Advisers LLC purchased a new stake in Martin Marietta Materials in the first quarter valued at approximately $41,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Martin Marietta Materials in the second quarter valued at approximately $43,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MLM has been the subject of several research reports. BNP Paribas upgraded shares of Martin Marietta Materials to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group reduced their target price on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. Citigroup reduced their price objective on Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, Morgan Stanley lifted their target price on Martin Marietta Materials from $610.00 to $657.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $634.85.

Martin Marietta Materials Stock Up 0.6 %

MLM stock opened at $620.89 on Thursday. Martin Marietta Materials, Inc. has a 52 week low of $444.14 and a 52 week high of $633.23. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The company has a market cap of $37.95 billion, a P/E ratio of 19.24, a P/E/G ratio of 3.86 and a beta of 0.90. The company’s 50-day moving average price is $545.48 and its 200 day moving average price is $556.16.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.94 EPS. On average, research analysts expect that Martin Marietta Materials, Inc. will post 17.95 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.74. Martin Marietta Materials’s payout ratio is 9.85%.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.