Collective Family Office LLC Lowers Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Collective Family Office LLC trimmed its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566 shares of the construction company’s stock after selling 88 shares during the period. Collective Family Office LLC’s holdings in Martin Marietta Materials were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its stake in shares of Martin Marietta Materials by 411.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after purchasing an additional 37 shares during the last quarter. Asset Dedication LLC grew its position in shares of Martin Marietta Materials by 1,300.0% in the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after buying an additional 52 shares during the last quarter. First Personal Financial Services bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $33,000. Larson Financial Group LLC purchased a new stake in Martin Marietta Materials during the third quarter valued at approximately $49,000. Finally, Tobam boosted its stake in Martin Marietta Materials by 38.8% in the third quarter. Tobam now owns 93 shares of the construction company’s stock valued at $50,000 after acquiring an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MLM. Loop Capital raised their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Morgan Stanley dropped their target price on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $643.36.

Martin Marietta Materials Stock Performance

NYSE:MLM traded up $8.43 during trading hours on Wednesday, reaching $517.08. 158,084 shares of the company’s stock were exchanged, compared to its average volume of 347,820. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 3.74 and a beta of 0.91. Martin Marietta Materials, Inc. has a 1-year low of $488.30 and a 1-year high of $633.23. The company has a 50-day moving average of $568.26 and a 200 day moving average of $551.88.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $6.94 EPS. Martin Marietta Materials’s revenue for the quarter was down 5.3% on a year-over-year basis. Research analysts anticipate that Martin Marietta Materials, Inc. will post 17.58 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were issued a $0.79 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 0.61%. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.85%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.