Mcdonald Capital Investors Inc. CA Reduces Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Mcdonald Capital Investors Inc. CA reduced its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,109 shares of the construction company’s stock after selling 1,928 shares during the quarter. Martin Marietta Materials comprises approximately 3.3% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 12th biggest holding. Mcdonald Capital Investors Inc. CA’s holdings in Martin Marietta Materials were worth $54,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. raised its stake in Martin Marietta Materials by 411.1% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock valued at $25,000 after purchasing an additional 37 shares during the last quarter. Asset Dedication LLC raised its position in shares of Martin Marietta Materials by 1,300.0% in the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of Martin Marietta Materials by 186.4% during the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock valued at $34,000 after buying an additional 41 shares during the period. Pathway Financial Advisers LLC purchased a new stake in Martin Marietta Materials in the 1st quarter worth approximately $41,000. Finally, Rothschild Investment LLC acquired a new position in Martin Marietta Materials in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $620.89 on Thursday. The firm’s fifty day simple moving average is $545.48 and its 200 day simple moving average is $556.16. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a twelve month low of $444.14 and a twelve month high of $633.23. The firm has a market capitalization of $37.95 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.86 and a beta of 0.90.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business earned $6.94 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts expect that Martin Marietta Materials, Inc. will post 17.95 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.74. This represents a $3.16 annualized dividend and a yield of 0.51%. Martin Marietta Materials’s payout ratio is 9.85%.

Analyst Ratings Changes

Several research firms have recently issued reports on MLM. Citigroup decreased their price objective on Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Jefferies Financial Group decreased their price target on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Truist Financial dropped their price objective on shares of Martin Marietta Materials from $700.00 to $670.00 and set a “buy” rating for the company in a research note on Friday, August 9th. UBS Group initiated coverage on shares of Martin Marietta Materials in a research report on Thursday. They issued a “buy” rating and a $730.00 target price on the stock. Finally, Stephens dropped their price target on shares of Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $634.85.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.