Camrose Capital Investment Partners LLP Buys 9,514 Shares of Martin Marietta Materials, Inc. $MLM

Camrose Capital Investment Partners LLP boosted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,619 shares of the construction company’s stock after acquiring an additional 9,514 shares during the quarter. Martin Marietta Materials accounts for 14.0% of Camrose Capital Investment Partners LLP’s holdings, making the stock its 2nd largest position. Camrose Capital Investment Partners LLP’s holdings in Martin Marietta Materials were worth $60,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Martin Marietta Materials by 31.9% during the 2nd quarter. Bank of America Corp DE now owns 2,340,677 shares of the construction company’s stock valued at $1,284,938,000 after purchasing an additional 565,856 shares in the last quarter. Norges Bank acquired a new stake in Martin Marietta Materials during the second quarter valued at $233,811,000. Principal Financial Group Inc. increased its holdings in Martin Marietta Materials by 9.6% in the third quarter. Principal Financial Group Inc. now owns 2,204,425 shares of the construction company’s stock valued at $1,389,428,000 after buying an additional 192,637 shares in the last quarter. Vanguard Group Inc. increased its holdings in Martin Marietta Materials by 1.3% in the third quarter. Vanguard Group Inc. now owns 7,442,945 shares of the construction company’s stock valued at $4,691,139,000 after buying an additional 93,595 shares in the last quarter. Finally, State Street Corp raised its position in shares of Martin Marietta Materials by 2.0% in the second quarter. State Street Corp now owns 2,825,325 shares of the construction company’s stock worth $1,550,990,000 after acquiring an additional 56,353 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of MLM stock opened at $678.83 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.57 and a quick ratio of 2.36. The company has a market capitalization of $40.94 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 2.59 and a beta of 1.16. The firm’s 50-day moving average is $656.08 and its two-hundred day moving average is $631.04. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $710.97.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.79 earnings per share. Analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, March 2nd. Martin Marietta Materials’s dividend payout ratio is presently 17.66%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MLM shares. Loop Capital cut Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price target for the company. in a report on Wednesday, January 28th. DA Davidson set a $680.00 target price on Martin Marietta Materials in a research note on Thursday, February 12th. Stephens dropped their price target on shares of Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. UBS Group upped their price objective on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Citigroup increased their price objective on shares of Martin Marietta Materials from $758.00 to $780.00 and gave the company a “buy” rating in a report on Friday, February 13th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $695.63.

Martin Marietta Materials Company 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.