Martin Marietta Materials, Inc. $MLM Shares Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,943 shares of the construction company’s stock after acquiring an additional 1,740 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Martin Marietta Materials were worth $8,059,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MLM. Integrated Wealth Concepts LLC grew its position 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 acquiring an additional 49 shares in the last quarter. Empowered Funds LLC grew its position in Martin Marietta Materials by 11.4% in the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock valued at $673,000 after acquiring an additional 144 shares in the last quarter. Sivia Capital Partners LLC grew its position in Martin Marietta Materials by 11.1% in the second quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock valued at $280,000 after acquiring an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Martin Marietta Materials by 205.9% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company’s stock valued at $143,000 after acquiring an additional 175 shares in the last quarter. Finally, Cresset Asset Management LLC grew its position in Martin Marietta Materials by 22.6% in the second quarter. Cresset Asset Management LLC now owns 777 shares of the construction company’s stock valued at $427,000 after acquiring an additional 143 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 1.3%

MLM stock opened at $618.64 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $490.31 and a twelve month high of $710.97. The company has a current ratio of 3.57, a quick ratio of 2.36 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $37.28 billion, a P/E ratio of 32.91, a PEG ratio of 2.20 and a beta of 1.19. The firm has a 50 day simple moving average of $621.11 and a 200-day simple moving average of $628.76.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the business posted $4.79 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.85 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 17.66%.

Wall Street Analyst Weigh In

MLM has been the subject of several recent research reports. Morgan Stanley lowered their price objective on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Weiss Ratings downgraded shares of Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $785.00 price objective on shares of Martin Marietta Materials in a research report on Thursday, February 26th. DA Davidson set a $680.00 price objective on shares of Martin Marietta Materials in a research report on Thursday, February 12th. Finally, B. Riley Financial raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective for the company in a research report on Thursday, April 2nd. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $692.06.

Martin Marietta Materials Company 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.