Aventura Private Wealth LLC Invests $658,000 in Martin Marietta Materials, Inc. $MLM

Aventura Private Wealth LLC acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,057 shares of the construction company’s stock, valued at approximately $658,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quent Capital LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Martin Marietta Materials in the 3rd quarter worth approximately $27,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Martin Marietta Materials in the 3rd quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Martin Marietta Materials during the second quarter valued at approximately $28,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Martin Marietta Materials during the third quarter valued at approximately $33,000. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Stock Down 1.0%

Shares of MLM opened at $561.90 on Friday. The stock has a fifty day simple moving average of $647.19 and a two-hundred day simple moving average of $631.03. The company has a quick ratio of 2.36, a current ratio of 3.57 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $33.89 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $710.97.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm earned $4.79 earnings per share. Martin Marietta Materials’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd will be 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 of this dividend is Monday, March 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is 17.66%.

Analyst Upgrades and Downgrades

MLM has been the subject of a number of recent research reports. Truist Financial set a $710.00 price objective on shares of Martin Marietta Materials in a research note on Thursday, February 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $785.00 price target on shares of Martin Marietta Materials in a report on Thursday, February 26th. Morgan Stanley reduced their price target on Martin Marietta Materials from $706.00 to $702.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Stephens dropped their price objective on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Finally, DA Davidson set a $680.00 target price on Martin Marietta Materials in a research note on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $696.88.

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.