Martin Marietta Materials, Inc. $MLM Position Lifted by M.D. Sass LLC

M.D. Sass LLC lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 13.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,109 shares of the construction company’s stock after purchasing an additional 11,905 shares during the quarter. Martin Marietta Materials comprises about 4.6% of M.D. Sass LLC’s investment portfolio, making the stock its 7th biggest position. M.D. Sass LLC’s holdings in Martin Marietta Materials were worth $60,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Integrated Wealth Concepts LLC grew its holdings in Martin Marietta Materials by 6.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock valued at $379,000 after buying an additional 49 shares during the period. Empowered Funds LLC increased its stake in shares of Martin Marietta Materials by 11.4% during the 1st quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock valued at $673,000 after acquiring an additional 144 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Martin Marietta Materials by 11.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after acquiring an additional 51 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 205.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company’s stock worth $143,000 after acquiring an additional 175 shares during the period. Finally, Cresset Asset Management LLC boosted its position in shares of Martin Marietta Materials by 22.6% in the second quarter. Cresset Asset Management LLC now owns 777 shares of the construction company’s stock worth $427,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $546.91 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11. Martin Marietta Materials, Inc. has a 1-year low of $525.38 and a 1-year high of $710.97. The firm has a market capitalization of $32.84 billion, a P/E ratio of 13.03, a P/E/G ratio of 2.33 and a beta of 1.10. The business’s 50-day simple moving average is $575.94 and its 200-day simple moving average is $610.54.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company earned $1.90 EPS. The company’s revenue was up 17.2% on a year-over-year basis. Equities analysts predict that Martin Marietta Materials, Inc. will post 19.43 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, June 1st. Martin Marietta Materials’s payout ratio is currently 7.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MLM shares. Truist Financial boosted their target price on shares of Martin Marietta Materials from $710.00 to $730.00 and gave the company a “buy” rating in a report on Monday, May 4th. Oppenheimer started coverage on shares of Martin Marietta Materials in a research note on Thursday, May 28th. They set a “market perform” rating on the stock. Raymond James Financial decreased their price target on shares of Martin Marietta Materials from $690.00 to $675.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Wall Street Zen raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings raised shares of Martin Marietta Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 25th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $681.53.

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.