Camrose Capital Investment Partners LLP Invests $84.30 Million in Martin Marietta Materials, Inc. $MLM

Camrose Capital Investment Partners LLP acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLMFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 146,170 shares of the construction company’s stock, valued at approximately $84,296,000. Martin Marietta Materials comprises about 9.5% of Camrose Capital Investment Partners LLP’s holdings, making the stock its 6th biggest holding. Camrose Capital Investment Partners LLP owned approximately 0.24% of Martin Marietta Materials as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lido Advisors LLC raised its holdings in shares of Martin Marietta Materials by 0.8% in the 4th quarter. Lido Advisors LLC now owns 1,920 shares of the construction company’s stock valued at $1,209,000 after purchasing an additional 15 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings in Martin Marietta Materials by 3.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company’s stock worth $264,000 after purchasing an additional 16 shares during the period. Harbour Investments Inc. grew its holdings in Martin Marietta Materials by 31.4% during the fourth quarter. Harbour Investments Inc. now owns 67 shares of the construction company’s stock worth $42,000 after purchasing an additional 16 shares during the period. AMG National Trust Bank increased its position in Martin Marietta Materials by 3.6% during the first quarter. AMG National Trust Bank now owns 495 shares of the construction company’s stock worth $291,000 after buying an additional 17 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in Martin Marietta Materials by 0.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,186 shares of the construction company’s stock worth $1,361,000 after buying an additional 17 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

Martin Marietta Materials stock opened at $532.96 on Tuesday. The company has a market capitalization of $32.01 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 2.31 and a beta of 1.11. The company has a current ratio of 1.41, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a 12 month low of $522.19 and a 12 month high of $710.97. The stock’s 50 day moving average is $568.55 and its 200-day moving average is $594.70.

Martin Marietta Materials (NYSE:MLMGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $5.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.24. Martin Marietta Materials had a return on equity of 9.49% and a net margin of 36.73%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted $5.43 EPS. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. Equities research analysts expect that Martin Marietta Materials, Inc. will post 19.07 EPS for the current year.

Martin Marietta Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 0.6%. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, September 1st. Martin Marietta Materials’s dividend payout ratio is currently 8.16%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Martin Marietta Materials from $700.00 to $680.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Citigroup decreased their target price on Martin Marietta Materials from $737.00 to $690.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Oppenheimer began coverage on Martin Marietta Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. Royal Bank Of Canada cut their price target on Martin Marietta Materials from $615.00 to $610.00 and set a “sector perform” rating for the company in a report on Monday, August 3rd. Finally, DA Davidson set a $625.00 price objective on shares of Martin Marietta Materials in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $665.29.

Check Out Our Latest Report on MLM

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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