Collective Family Office LLC Has $292,000 Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Collective Family Office LLC lessened its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 566 shares of the construction company’s stock after selling 88 shares during the period. Collective Family Office LLC’s holdings in Martin Marietta Materials were worth $292,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Newbridge Financial Services Group Inc. lifted its holdings in Martin Marietta Materials by 411.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after buying an additional 37 shares during the period. Asset Dedication LLC raised its position in shares of Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares during the last quarter. First Personal Financial Services acquired a new position in shares of Martin Marietta Materials in the third quarter worth approximately $33,000. Larson Financial Group LLC acquired a new position in shares of Martin Marietta Materials in the third quarter worth approximately $49,000. Finally, Tobam boosted its holdings in Martin Marietta Materials by 38.8% in the third quarter. Tobam now owns 93 shares of the construction company’s stock valued at $50,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of MLM traded up $8.43 during mid-day trading on Wednesday, reaching $517.08. The stock had a trading volume of 158,084 shares, compared to its average volume of 347,820. The business has a fifty day moving average of $568.26 and a 200 day moving average of $551.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The firm has a market cap of $31.60 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 3.74 and a beta of 0.91. Martin Marietta Materials, Inc. has a 12 month low of $488.30 and a 12 month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company posted $6.94 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts predict that Martin Marietta Materials, Inc. will post 17.58 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s payout ratio is 9.85%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MLM. StockNews.com lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. Loop Capital boosted their price objective on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group cut their target price on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $643.36.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.