Apella Capital LLC Has $3.65 Million Stake in Martin Marietta Materials, Inc. $MLM

Apella Capital LLC decreased its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,855 shares of the construction company’s stock after selling 1,386 shares during the quarter. Apella Capital LLC’s holdings in Martin Marietta Materials were worth $3,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MLM. Aaron Wealth Advisors LLC raised its position in shares of Martin Marietta Materials by 13.8% during the fourth quarter. Aaron Wealth Advisors LLC now owns 702 shares of the construction company’s stock worth $437,000 after purchasing an additional 85 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth about $136,000. Y.D. More Investments Ltd acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth about $1,313,000. Trust Investment Advisors raised its position in shares of Martin Marietta Materials by 5.2% during the fourth quarter. Trust Investment Advisors now owns 1,898 shares of the construction company’s stock worth $1,182,000 after purchasing an additional 93 shares during the period. Finally, Myriad Asset Management US LP acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth about $502,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 0.9%

MLM stock opened at $593.33 on Wednesday. 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 business has a 50 day moving average price of $632.34 and a two-hundred day moving average price of $628.66. The company has a market cap of $35.78 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 2.34 and a beta of 1.19. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month 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 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.66 billion. Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.79 earnings per share. Analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, March 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 17.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their price target on Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a research report on Monday. Weiss Ratings lowered Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. Loop Capital lowered Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price target on the stock. in a research report on Wednesday, January 28th. Wells Fargo & Company dropped their price target on 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, Barclays dropped their price target on Martin Marietta Materials from $675.00 to $640.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $692.31.

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.