Bryn Mawr Capital Management LLC Sells 70 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Bryn Mawr Capital Management LLC lowered its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,208 shares of the construction company’s stock after selling 70 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Martin Marietta Materials were worth $3,723,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FFT Wealth Management LLC lifted its holdings in Martin Marietta Materials by 3.1% during the fourth quarter. FFT Wealth Management LLC now owns 1,283 shares of the construction company’s stock valued at $663,000 after purchasing an additional 38 shares in the last quarter. CWS Financial Advisors LLC grew its position in Martin Marietta Materials by 9.9% in the fourth quarter. CWS Financial Advisors LLC now owns 790 shares of the construction company’s stock worth $408,000 after acquiring an additional 71 shares in the last quarter. Skylands Capital LLC lifted its stake in shares of Martin Marietta Materials by 15.2% in the 4th quarter. Skylands Capital LLC now owns 10,425 shares of the construction company’s stock valued at $5,385,000 after purchasing an additional 1,375 shares during the last quarter. Edge Capital Group LLC purchased a new position in shares of Martin Marietta Materials during the 4th quarter worth about $217,000. Finally, IFP Advisors Inc grew its holdings in shares of Martin Marietta Materials by 2.9% in the fourth quarter. IFP Advisors Inc now owns 965 shares of the construction company’s stock worth $507,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 0.2 %

Shares of NYSE:MLM opened at $489.72 on Wednesday. Martin Marietta Materials, Inc. has a 52-week low of $482.72 and a 52-week high of $633.23. The stock has a market cap of $29.93 billion, a P/E ratio of 15.15, a PEG ratio of 4.45 and a beta of 0.91. The business has a fifty day moving average of $528.99 and a two-hundred day moving average of $546.80. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.65%. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.77%.

Analyst Ratings Changes

MLM has been the subject of several research reports. StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised Martin Marietta Materials from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $515.00 to $640.00 in a research report on Wednesday, November 27th. Barclays dropped their target price on shares of Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Raymond James cut their target price on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and an average target price of $639.43.

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.