Sei Investments Co. Sells 5,342 Shares of Martin Marietta Materials, Inc. $MLM

Sei Investments Co. decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,772 shares of the construction company’s stock after selling 5,342 shares during the quarter. Sei Investments Co.’s holdings in Martin Marietta Materials were worth $85,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Optima Capital LLC bought a new position in Martin Marietta Materials in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. grew its holdings in Martin Marietta Materials by 67.9% during the 1st quarter. Meeder Asset Management Inc. now owns 47 shares of the construction company’s stock worth $28,000 after acquiring an additional 19 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in shares of Martin Marietta Materials during the 4th quarter valued at $31,000. Reflection Asset Management bought a new stake in shares of Martin Marietta Materials during the 4th quarter valued at $35,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Martin Marietta Materials in the 2nd quarter valued at $37,000. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

MLM opened at $560.71 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.28 and a debt-to-equity ratio of 0.47. Martin Marietta Materials, Inc. has a 12 month low of $525.38 and a 12 month high of $710.97. The company has a fifty day simple moving average of $575.98 and a 200 day simple moving average of $610.19. The stock has a market cap of $33.67 billion, a P/E ratio of 13.36, a P/E/G ratio of 2.32 and a beta of 1.10.

Martin Marietta Materials (NYSE:MLMGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. On average, research analysts expect that Martin Marietta Materials, Inc. will post 19.43 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 7.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Truist Financial raised their price target on Martin Marietta Materials from $710.00 to $730.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Morgan Stanley dropped their price objective on Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Oppenheimer started coverage on Martin Marietta Materials in a report on Thursday, May 28th. They issued a “market perform” rating for the company. Raymond James Financial reduced their target price on Martin Marietta Materials from $690.00 to $675.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Finally, Zacks Research upgraded Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus target price of $681.53.

Read Our Latest Analysis on MLM

Martin Marietta Materials Company Profile

(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.

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

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