Skylands Capital LLC Increases Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Skylands Capital LLC increased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 15.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,425 shares of the construction company’s stock after acquiring an additional 1,375 shares during the quarter. Skylands Capital LLC’s holdings in Martin Marietta Materials were worth $5,385,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new position in Martin Marietta Materials during the 3rd quarter valued at about $33,000. Kestra Investment Management LLC purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $35,000. Retirement Wealth Solutions LLC purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $41,000. R Squared Ltd purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $41,000. Finally, Midwest Capital Advisors LLC purchased a new position in Martin Marietta Materials during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BNP Paribas downgraded Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a research report on Wednesday, January 8th. Raymond James dropped their price target on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Morgan Stanley dropped their target price on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Finally, Barclays lowered their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $639.43.

Martin Marietta Materials Trading Down 3.2 %

Martin Marietta Materials stock opened at $489.94 on Monday. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $530.12 and its two-hundred day simple moving average is $547.14. Martin Marietta Materials, Inc. has a 12 month low of $482.72 and a 12 month high of $633.23. The company has a market capitalization of $29.95 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Monday, March 3rd. Martin Marietta Materials’s payout ratio is currently 9.77%.

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.