Aventura Private Wealth LLC Acquires New Stake in Martin Marietta Materials, Inc. $MLM

Aventura Private Wealth LLC purchased a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,057 shares of the construction company’s stock, valued at approximately $658,000.

Other large investors have also recently modified their holdings of the company. Atlantic Union Bankshares Corp raised its position in Martin Marietta Materials by 321.8% during the third quarter. Atlantic Union Bankshares Corp now owns 3,817 shares of the construction company’s stock valued at $2,406,000 after purchasing an additional 2,912 shares in the last quarter. Atika Capital Management LLC boosted its holdings in shares of Martin Marietta Materials by 30.4% in the 2nd quarter. Atika Capital Management LLC now owns 72,533 shares of the construction company’s stock worth $39,818,000 after purchasing an additional 16,900 shares in the last quarter. National Pension Service boosted its holdings in shares of Martin Marietta Materials by 1.0% in the 3rd quarter. National Pension Service now owns 84,820 shares of the construction company’s stock worth $53,460,000 after purchasing an additional 843 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Martin Marietta Materials by 78.5% during the 3rd quarter. HB Wealth Management LLC now owns 8,008 shares of the construction company’s stock valued at $5,048,000 after purchasing an additional 3,522 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Martin Marietta Materials during the 3rd quarter valued at about $1,605,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

NYSE MLM opened at $561.90 on Friday. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $710.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.36 and a current ratio of 3.57. The company has a market capitalization of $33.89 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. The business’s fifty day moving average is $647.19 and its 200 day moving average is $631.03.

Martin Marietta Materials (NYSE:MLM) last released its 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). The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.79 earnings per share. Sell-side analysts predict 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. Shareholders of record on Monday, March 2nd will be paid a $0.83 dividend. The ex-dividend date is Monday, March 2nd. This represents a $3.32 annualized dividend and a yield of 0.6%. Martin Marietta Materials’s payout ratio is presently 17.66%.

Analyst Upgrades and Downgrades

MLM has been the subject of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $785.00 target price on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Citigroup upped their price objective on shares of Martin Marietta Materials from $780.00 to $804.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. B. Riley Financial started coverage on shares of Martin Marietta Materials in a report on Thursday, January 15th. They set a “neutral” rating and a $700.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of Martin Marietta Materials from $631.00 to $612.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. Finally, DA Davidson set a $680.00 price target on shares of Martin Marietta Materials in a research note on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $696.88.

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.