Colonial Trust Advisors Has $885,000 Stake in Martin Marietta Materials, Inc. $MLM

Colonial Trust Advisors reduced its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 36.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,404 shares of the construction company’s stock after selling 812 shares during the period. Colonial Trust Advisors’ holdings in Martin Marietta Materials were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MLM. Integrated Wealth Concepts LLC lifted its position in shares of Martin Marietta Materials by 6.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock valued at $379,000 after acquiring an additional 49 shares during the period. Empowered Funds LLC increased its position in shares of Martin Marietta Materials by 11.4% in the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock worth $673,000 after purchasing an additional 144 shares during the period. Sivia Capital Partners LLC increased its position in shares of Martin Marietta Materials by 11.1% in the second quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after purchasing an additional 51 shares during the period. Wealthfront Advisers LLC raised its stake in Martin Marietta Materials by 2.6% in the second quarter. Wealthfront Advisers LLC now owns 5,536 shares of the construction company’s stock valued at $3,039,000 after purchasing an additional 138 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Martin Marietta Materials by 1.3% during the second quarter. Bessemer Group Inc. now owns 4,333 shares of the construction company’s stock worth $2,378,000 after purchasing an additional 54 shares during the period. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $673.70 on Thursday. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $710.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.57 and a quick ratio of 2.36. The company has a market cap of $40.63 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 2.69 and a beta of 1.16. The firm has a 50 day simple moving average of $655.06 and a 200 day simple moving average of $630.71.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the company posted $4.79 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd will be given a $0.83 dividend. The ex-dividend date is Monday, March 2nd. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 17.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MLM shares. Stephens decreased their target price on shares of Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Wells Fargo & Company decreased their price objective on shares of Martin Marietta Materials from $631.00 to $612.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 12th. Stifel Nicolaus boosted their price objective on shares of Martin Marietta Materials from $637.00 to $681.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. DA Davidson set a $680.00 target price on Martin Marietta Materials in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. lifted their price target on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $690.69.

About Martin Marietta Materials

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.