Capital Investment Counsel Inc Has $1.25 Million Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Capital Investment Counsel Inc trimmed its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,423 shares of the construction company’s stock after selling 75 shares during the period. Capital Investment Counsel Inc’s holdings in Martin Marietta Materials were worth $1,251,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Street Advisors Inc. NC raised its position in shares of Martin Marietta Materials by 15.5% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock worth $13,037,000 after purchasing an additional 3,384 shares during the period. Sanctuary Advisors LLC raised its position in shares of Martin Marietta Materials by 18.5% during the third quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock worth $4,914,000 after purchasing an additional 1,286 shares during the period. RMR Wealth Builders raised its position in shares of Martin Marietta Materials by 431.3% during the fourth quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock worth $1,235,000 after purchasing an additional 1,941 shares during the period. Kovack Advisors Inc. acquired a new position in shares of Martin Marietta Materials during the third quarter worth approximately $734,000. Finally, Benjamin Edwards Inc. raised its position in shares of Martin Marietta Materials by 2,448.1% during the third quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,322 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MLM shares. Barclays lowered their target price on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup lowered their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Truist Financial lowered their price target on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $639.43.

Martin Marietta Materials Trading Down 3.0 %

Shares of Martin Marietta Materials stock opened at $505.47 on Friday. Martin Marietta Materials, Inc. has a 1 year low of $482.72 and a 1 year high of $633.23. The firm has a market cap of $30.89 billion, a PE ratio of 15.63, a P/E/G ratio of 4.69 and a beta of 0.91. The stock has a fifty day moving average price of $531.34 and a 200-day moving average price of $547.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.63%. Martin Marietta Materials’s dividend payout ratio is presently 9.77%.

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.