12,532 Shares in Martin Marietta Materials, Inc. $MLM Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,532 shares of the construction company’s stock, valued at approximately $7,377,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optima Capital LLC purchased a new position in shares of Martin Marietta Materials during the fourth quarter worth $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at $27,000. Garton & Associates Financial Advisors LLC acquired a new position in Martin Marietta Materials during the 4th quarter worth about $31,000. Reflection Asset Management acquired a new position in Martin Marietta Materials during the 4th quarter worth about $35,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MLM. B. Riley Financial upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price target on the stock in a research note on Thursday, April 2nd. Citigroup dropped their price objective on shares of Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating for the company in a report on Monday, May 4th. Morgan Stanley cut their target price on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Truist Financial increased their target price on shares of Martin Marietta Materials from $710.00 to $730.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Zacks Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $681.94.

Martin Marietta Materials Stock Up 0.1%

Shares of NYSE:MLM opened at $599.97 on Friday. The stock has a market cap of $36.03 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10. The firm’s 50 day moving average price is $584.98 and its 200 day moving average price is $616.91. 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 quick ratio of 1.11, a current ratio of 2.28 and a debt-to-equity ratio of 0.47.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company posted $1.90 earnings per share. Martin Marietta Materials’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.38 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed 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 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 presently 7.91%.

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.