Dockside LLC Purchases Shares of 5,986 Martin Marietta Materials, Inc. $MLM

Dockside LLC purchased a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,986 shares of the construction company’s stock, valued at approximately $3,727,000. Martin Marietta Materials makes up about 1.0% of Dockside LLC’s portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optima Capital LLC purchased a new stake in shares of Martin Marietta Materials in the 4th quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at about $27,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at about $32,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Martin Marietta Materials in the 4th quarter valued at about $36,000. Finally, Quarry LP purchased a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock opened at $575.51 on Friday. The business’s 50 day simple moving average is $589.47 and its two-hundred day simple moving average is $618.88. Martin Marietta Materials, Inc. has a one year low of $525.38 and a one year high of $710.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11. The stock has a market capitalization of $34.56 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.45 and a beta of 1.10.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $1.90 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Analysts forecast that Martin Marietta Materials, Inc. will post 19.41 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio is currently 7.91%.

Analysts Set New Price Targets

Several research firms have weighed in on MLM. Oppenheimer started coverage on Martin Marietta Materials in a report on Thursday, May 28th. They issued a “market perform” rating on the stock. B. Riley Financial raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective on the stock in a report on Thursday, April 2nd. Weiss Ratings cut Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 8th. Zacks Research raised Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Raymond James Financial set a $690.00 price objective on Martin Marietta Materials in a report on Monday, April 27th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $681.94.

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.