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

Sapient Capital LLC decreased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 29,618 shares of the construction company’s stock after selling 396 shares during the period. Sapient Capital LLC’s holdings in Martin Marietta Materials were worth $14,161,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Martin Marietta Materials by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 7,174,183 shares of the construction company’s stock worth $3,705,466,000 after acquiring an additional 36,531 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Martin Marietta Materials by 11.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,819,744 shares of the construction company’s stock worth $939,898,000 after acquiring an additional 191,043 shares in the last quarter. Amundi lifted its stake in Martin Marietta Materials by 10.5% during the 4th quarter. Amundi now owns 1,562,146 shares of the construction company’s stock worth $808,005,000 after acquiring an additional 148,065 shares in the last quarter. Geode Capital Management LLC lifted its stake in Martin Marietta Materials by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,472,411 shares of the construction company’s stock worth $758,499,000 after acquiring an additional 32,082 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in Martin Marietta Materials by 54,277.3% during the 4th quarter. Proficio Capital Partners LLC now owns 918,432 shares of the construction company’s stock worth $474,370,000 after acquiring an additional 916,743 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MLM shares. Loop Capital decreased their target price on Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Truist Financial reduced their price target on 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. UBS Group raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and increased their price target for the company from $548.00 to $634.00 in a research report on Friday, May 16th. Morgan Stanley increased their price target on Martin Marietta Materials from $561.00 to $576.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Finally, Seaport Res Ptn raised Martin Marietta Materials to a “strong-buy” rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $610.69.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $545.95 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The firm has a market capitalization of $32.91 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89. The stock’s 50-day simple moving average is $526.00 and its 200-day simple moving average is $523.59.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS. As a group, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be paid a dividend of $0.79 per share. The ex-dividend date is Monday, June 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 0.58%. Martin Marietta Materials’s dividend payout ratio is presently 18.20%.

Martin Marietta Materials Company 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.