Great Lakes Advisors LLC Sells 1,360 Shares of Martin Marietta Materials, Inc. $MLM

Great Lakes Advisors LLC lessened its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,100 shares of the construction company’s stock after selling 1,360 shares during the quarter. Great Lakes Advisors LLC owned 0.30% of Martin Marietta Materials worth $114,011,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Optima Capital LLC bought a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Martin Marietta Materials in the 3rd quarter worth about $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of Martin Marietta Materials in the 3rd quarter worth about $32,000. Union Bancaire Privee UBP SA bought a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $36,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Martin Marietta Materials in the 2nd quarter worth about $37,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Trading Up 2.3%

MLM stock opened at $565.58 on Friday. The company has a market capitalization of $33.96 billion, a PE ratio of 13.48, a P/E/G ratio of 2.35 and a beta of 1.10. Martin Marietta Materials, Inc. has a 12 month low of $525.38 and a 12 month high of $710.97. The firm’s 50-day moving average is $589.95 and its 200 day moving average is $619.18. 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 (NYSE:MLM) last posted its 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. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 EPS. On average, research analysts anticipate that Martin Marietta Materials, Inc. will post 19.41 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Martin Marietta Materials’s dividend payout ratio (DPR) is 7.91%.

Wall Street Analysts Forecast Growth

MLM has been the topic of several recent analyst reports. Citigroup reduced their price target on shares of Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Berenberg Bank set a $556.00 price target on shares of Martin Marietta Materials and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada reduced their price target on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating on the stock in a research note on Monday, May 4th. Morgan Stanley reduced their price target on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Finally, Stephens reduced their price target on shares of Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $681.94.

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.