Ycg LLC Boosts Position in Martin Marietta Materials, Inc. $MLM

Ycg LLC raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.0% during the third quarter, Holdings Channel reports. The fund owned 20,371 shares of the construction company’s stock after acquiring an additional 961 shares during the period. Ycg LLC’s holdings in Martin Marietta Materials were worth $12,839,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MLM. Quent Capital LLC purchased a new position in shares of Martin Marietta Materials in the third quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Martin Marietta Materials in the 2nd quarter worth approximately $28,000. NewSquare Capital LLC raised its stake in Martin Marietta Materials by 62.2% during the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock worth $33,000 after acquiring an additional 23 shares during the period. Clearstead Trust LLC lifted its holdings in Martin Marietta Materials by 93.8% during the second quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock valued at $34,000 after purchasing an additional 30 shares in the last quarter. Finally, Aspect Partners LLC boosted its position in shares of Martin Marietta Materials by 540.0% in the second quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock worth $35,000 after purchasing an additional 54 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Trading Up 1.8%

MLM opened at $652.35 on Friday. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $668.83. The company has a current ratio of 2.97, a quick ratio of 2.07 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $626.04 and a 200 day moving average of $612.04. The firm has a market cap of $39.34 billion, a P/E ratio of 34.39 and a beta of 1.15.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, November 4th. The construction company reported $5.97 EPS 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 company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.06 billion. As a group, research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MLM. Wall Street Zen downgraded shares of Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. DA Davidson reiterated a “neutral” rating and set a $690.00 target price on shares of Martin Marietta Materials in a research report on Wednesday. Barclays boosted their price target on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Wednesday, October 8th. Finally, B. Riley started coverage on Martin Marietta Materials in a report on Thursday. They issued a “neutral” rating and a $700.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $670.63.

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.