Leavell Investment Management Inc. Has $1.84 Million Position in Martin Marietta Materials, Inc. $MLM

Leavell Investment Management Inc. cut its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 33.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,915 shares of the construction company’s stock after selling 1,490 shares during the period. Leavell Investment Management Inc.’s holdings in Martin Marietta Materials were worth $1,837,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MLM. Integrated Wealth Concepts LLC raised its stake in Martin Marietta Materials by 6.6% in the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock valued at $379,000 after purchasing an additional 49 shares in the last quarter. Empowered Funds LLC increased its holdings in Martin Marietta Materials by 11.4% in the 1st quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock valued at $673,000 after buying an additional 144 shares during the period. Aaron Wealth Advisors LLC acquired a new position in shares of Martin Marietta Materials in the 2nd quarter valued at approximately $210,000. Pallas Capital Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 33.8% during the 2nd quarter. Pallas Capital Advisors LLC now owns 701 shares of the construction company’s stock worth $385,000 after acquiring an additional 177 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in shares of Martin Marietta Materials by 11.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after acquiring an additional 51 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Barclays boosted their price target on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wall Street Zen cut Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Citigroup increased their target price on shares of Martin Marietta Materials from $754.00 to $758.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Raymond James Financial lifted their price target on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus target price of $670.63.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $652.35 on Friday. The stock has a market cap of $39.34 billion, a P/E ratio of 34.39 and a beta of 1.15. The company has a current ratio of 2.97, a quick ratio of 2.07 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average is $626.04 and its 200-day moving average is $612.42. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $668.83.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). Martin Marietta Materials had a net margin of 17.34% and a return on equity of 11.68%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $2.06 billion. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 1st. Martin Marietta Materials’s payout ratio is 17.50%.

About Martin Marietta Materials

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.