Dockside LLC Takes Position in Martin Marietta Materials, Inc. $MLM

Dockside LLC acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLMFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,986 shares of the construction company’s stock, valued at approximately $3,727,000. Martin Marietta Materials comprises 1.0% of Dockside LLC’s investment portfolio, making the stock its 26th largest position.

Other institutional investors have also bought and sold shares of the company. Optima Capital LLC purchased a new position in Martin Marietta Materials in the fourth quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth $27,000. Redmont Wealth Advisors LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth $32,000. Union Bancaire Privee UBP SA bought a new position in shares of Martin Marietta Materials during the 4th quarter worth $36,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Martin Marietta Materials during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 1.8%

Shares of NYSE MLM opened at $575.51 on Friday. Martin Marietta Materials, Inc. has a 52 week low of $525.38 and a 52 week high of $710.97. The business has a 50-day simple moving average of $589.47 and a two-hundred day simple moving average of $618.88. The company has a quick ratio of 1.11, a current ratio of 2.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $34.56 billion, a P/E ratio of 13.72, a P/E/G ratio of 2.45 and a beta of 1.10.

Martin Marietta Materials (NYSE:MLMGet Free Report) last issued its earnings results on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $1.90 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Research analysts anticipate that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be paid a $0.83 dividend. The ex-dividend date is Monday, June 1st. This represents a $3.32 annualized dividend and a yield of 0.6%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 7.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MLM. Morgan Stanley cut their price target on Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Weiss Ratings downgraded Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 8th. Jefferies Financial Group reiterated a “buy” rating and set a $785.00 price target on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Zacks Research upgraded Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, UBS Group set a $739.00 price target on Martin Marietta Materials in a research note on Sunday, May 10th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials has an average rating of “Moderate Buy” and an average target price of $681.94.

Get Our Latest Analysis on Martin Marietta Materials

About Martin Marietta Materials

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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