Martin Marietta Materials, Inc. $MLM Shares Purchased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC raised its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,234 shares of the construction company’s stock after buying an additional 1,939 shares during the quarter. Martin Marietta Materials makes up approximately 2.5% of Douglass Winthrop Advisors LLC’s holdings, making the stock its 12th largest holding. Douglass Winthrop Advisors LLC owned 0.39% of Martin Marietta Materials worth $146,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its holdings in Martin Marietta Materials by 6.6% in the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock valued at $379,000 after purchasing an additional 49 shares during the period. Empowered Funds LLC raised its stake in Martin Marietta Materials by 11.4% during the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock worth $673,000 after purchasing an additional 144 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Martin Marietta Materials by 11.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock valued at $280,000 after purchasing an additional 51 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Martin Marietta Materials by 10.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock valued at $99,000 after purchasing an additional 17 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Martin Marietta Materials by 73.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 781 shares of the construction company’s stock valued at $429,000 after buying an additional 330 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 1.7%

Shares of Martin Marietta Materials stock opened at $597.39 on Thursday. The company has a fifty day moving average price of $655.97 and a 200 day moving average price of $632.98. The company has a current ratio of 3.57, a quick ratio of 2.36 and a debt-to-equity ratio of 0.53. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $710.97. The stock has a market cap of $36.03 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing the consensus estimate of $4.81 by ($0.19). The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $4.79 earnings per share. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, March 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 17.66%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley cut their target price on Martin Marietta Materials from $706.00 to $702.00 and set an “overweight” rating on the stock in a research report on Monday. DA Davidson set a $680.00 price target on Martin Marietta Materials in a research note on Thursday, February 12th. Stephens cut their price objective on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Loop Capital lowered Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective on the stock. in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $785.00 target price on shares of Martin Marietta Materials in a report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Martin Marietta Materials presently has an average rating of “Hold” and a consensus target price of $696.88.

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.