Martin Marietta Materials, Inc. $MLM Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,335 shares of the construction company’s stock after selling 932 shares during the quarter. D.A. Davidson & CO.’s holdings in Martin Marietta Materials were worth $8,926,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Schear Investment Advisers LLC lifted its stake in shares of Martin Marietta Materials by 0.6% in the third quarter. Schear Investment Advisers LLC now owns 2,731 shares of the construction company’s stock worth $1,721,000 after buying an additional 16 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of Martin Marietta Materials by 3.9% in the third quarter. Daymark Wealth Partners LLC now owns 448 shares of the construction company’s stock worth $283,000 after buying an additional 17 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Martin Marietta Materials by 2.9% in the third quarter. Ritholtz Wealth Management now owns 646 shares of the construction company’s stock worth $407,000 after buying an additional 18 shares in the last quarter. Fiduciary Alliance LLC lifted its stake in shares of Martin Marietta Materials by 2.6% in the fourth quarter. Fiduciary Alliance LLC now owns 702 shares of the construction company’s stock worth $437,000 after buying an additional 18 shares in the last quarter. Finally, Vise Technologies Inc. lifted its stake in shares of Martin Marietta Materials by 2.5% in the third quarter. Vise Technologies Inc. now owns 731 shares of the construction company’s stock worth $461,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

MLM has been the topic of several research reports. Weiss Ratings downgraded shares of Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $785.00 price target on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Royal Bank Of Canada reissued 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. Loop Capital downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price target on the stock. in a research note on Wednesday, January 28th. Finally, DA Davidson set a $680.00 price target on shares of Martin Marietta Materials in a research note on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $692.69.

Martin Marietta Materials Price Performance

MLM stock opened at $614.44 on Wednesday. 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 firm has a market capitalization of $37.03 billion, a P/E ratio of 32.68, a P/E/G ratio of 2.24 and a beta of 1.19. The business’s 50-day moving average is $617.40 and its two-hundred day moving average is $628.26. Martin Marietta Materials, Inc. has a 1 year low of $490.31 and a 1 year high of $710.97.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, February 11th. The construction company reported $4.62 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 firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm earned $4.79 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Analysts anticipate that Martin Marietta Materials, Inc. will post 19.51 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were paid a dividend of $0.83 per share. The ex-dividend date was 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.