M.D. Sass LLC Sells 25,797 Shares of Martin Marietta Materials, Inc. $MLM

M.D. Sass LLC cut its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 21.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,235 shares of the construction company’s stock after selling 25,797 shares during the period. Martin Marietta Materials makes up approximately 5.0% of M.D. Sass LLC’s holdings, making the stock its 6th largest holding. M.D. Sass LLC’s holdings in Martin Marietta Materials were worth $61,285,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quent Capital LLC purchased a new position in Martin Marietta Materials in the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Martin Marietta Materials during the second quarter worth $28,000. NewSquare Capital LLC grew its holdings in Martin Marietta Materials by 62.2% in the second quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Martin Marietta Materials in the third quarter valued at $33,000. Finally, Clearstead Trust LLC raised its stake in shares of Martin Marietta Materials by 93.8% during the 2nd quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock worth $34,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MLM shares. UBS Group increased their price objective on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Morgan Stanley increased their price target on shares of Martin Marietta Materials from $660.00 to $690.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Thursday, January 22nd. Loop Capital downgraded Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective for the company. in a research report on Wednesday, January 28th. Finally, Barclays increased their target price on Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average target price of $676.63.

Martin Marietta Materials Stock Down 0.2%

Shares of NYSE MLM opened at $670.07 on Friday. The firm’s 50 day moving average price is $638.82 and its 200 day moving average price is $621.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.07 and a current ratio of 2.97. The firm has a market cap of $40.41 billion, a P/E ratio of 35.32 and a beta of 1.16. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $679.56.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). Martin Marietta Materials had a return on equity of 11.68% and a net margin of 17.34%.The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $2.06 billion. As a group, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 17.50%.

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.