Barclays PLC Has $95.74 Million Stock Holdings in Martin Marietta Materials, Inc. $MLM

Barclays PLC trimmed its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 23.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,907 shares of the construction company’s stock after selling 46,727 shares during the quarter. Barclays PLC owned about 0.25% of Martin Marietta Materials worth $95,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quent Capital LLC bought a new position in shares of Martin Marietta Materials in the third quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Martin Marietta Materials during the 2nd quarter worth about $28,000. Redmont Wealth Advisors LLC acquired a new position in Martin Marietta Materials in the 3rd quarter valued at about $32,000. Grey Fox Wealth Advisors LLC acquired a new position in Martin Marietta Materials in the 3rd quarter valued at about $33,000. Finally, Clearstead Trust LLC raised its holdings in Martin Marietta Materials by 93.8% in the 2nd quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock valued at $34,000 after acquiring an additional 30 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MLM. B. Riley Financial started coverage on shares of Martin Marietta Materials in a research report on Thursday, January 15th. They set a “neutral” rating and a $700.00 price objective for the company. Loop Capital downgraded Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 target price on the stock. in a research report on Wednesday, January 28th. JPMorgan Chase & Co. increased their target price on Martin Marietta Materials from $670.00 to $700.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Stephens dropped their price target on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $630.00 price target on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $697.13.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $611.01 on Monday. The company has a quick ratio of 2.36, a current ratio of 3.57 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $36.85 billion, a P/E ratio of 32.50, a P/E/G ratio of 2.34 and a beta of 1.13. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $710.97. The firm has a 50-day moving average price of $657.46 and a two-hundred day moving average price of $633.14.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company earned $4.79 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is currently 17.66%.

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.