Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV trimmed its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 988 shares of the construction company’s stock after selling 46 shares during the quarter. Forte Capital LLC ADV’s holdings in Martin Marietta Materials were worth $510,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Personal Financial Services acquired a new position in Martin Marietta Materials in the 3rd quarter valued at $33,000. Kestra Investment Management LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at $35,000. R Squared Ltd acquired a new position in Martin Marietta Materials in the 4th quarter valued at $41,000. Retirement Wealth Solutions LLC acquired a new position in Martin Marietta Materials in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC acquired a new position in Martin Marietta Materials in the 3rd quarter valued at $49,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $489.94 on Friday. The firm has a market cap of $29.94 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 4.58 and a beta of 0.91. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average is $531.34 and its two-hundred day moving average is $547.49. Martin Marietta Materials, Inc. has a 12-month low of $482.72 and a 12-month high of $633.23.

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

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.64%. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.77%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MLM. Wolfe Research upgraded shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 target price on the stock in a research report on Wednesday, January 8th. StockNews.com lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday. UBS Group began coverage on shares of Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. Truist Financial decreased their target price on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $639.43.

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.