Integrated Wealth Concepts LLC Reduces Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Integrated Wealth Concepts LLC decreased its position in Martin Marietta Materials, Inc. (NYSE:MLMGet Rating) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 746 shares of the construction company’s stock after selling 70 shares during the period. Integrated Wealth Concepts LLC’s holdings in Martin Marietta Materials were worth $223,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Charter Oak Capital Management LLC purchased a new position in Martin Marietta Materials in the second quarter valued at approximately $29,000. CX Institutional purchased a new position in Martin Marietta Materials in the second quarter valued at approximately $31,000. Tcwp LLC purchased a new stake in shares of Martin Marietta Materials during the first quarter worth $41,000. Fairfield Bush & CO. purchased a new stake in shares of Martin Marietta Materials during the first quarter worth $46,000. Finally, Clear Street Markets LLC lifted its position in shares of Martin Marietta Materials by 407.7% during the second quarter. Clear Street Markets LLC now owns 132 shares of the construction company’s stock worth $39,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MLM shares. StockNews.com started coverage on Martin Marietta Materials in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Raymond James lowered their price objective on Martin Marietta Materials from $410.00 to $380.00 in a research report on Sunday, November 6th. TheStreet upgraded Martin Marietta Materials from a “c+” rating to a “b-” rating in a research report on Wednesday, August 10th. BNP Paribas upgraded Martin Marietta Materials from a “neutral” rating to an “outperform” rating and set a $407.00 price objective on the stock in a research report on Tuesday, September 20th. Finally, DA Davidson lowered their price objective on Martin Marietta Materials from $395.00 to $385.00 in a research report on Wednesday, October 12th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.33.

Martin Marietta Materials Stock Up 0.3 %

MLM opened at $354.15 on Wednesday. The business’s fifty day simple moving average is $330.66 and its 200 day simple moving average is $332.99. Martin Marietta Materials, Inc. has a 52 week low of $284.99 and a 52 week high of $446.46. The stock has a market cap of $21.99 billion, a PE ratio of 26.37, a P/E/G ratio of 1.98 and a beta of 0.85. The company has a quick ratio of 1.43, a current ratio of 2.01 and a debt-to-equity ratio of 0.63.

Martin Marietta Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, November 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.75%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 19.66%.

Martin Marietta Materials Profile

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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.

See Also

Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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