Baillie Gifford & Co. Sells 36,419 Shares of Martin Marietta Materials, Inc. $MLM

Key Points

• Baillie Gifford & Co. trimmed its stake in Martin Marietta by 3.0%, selling 36,419 shares and finishing the quarter with 1,159,375 shares (about 1.92% ownership) valued at roughly $721.9 million.
• Martin Marietta missed Q4 estimates, reporting EPS of $4.62 versus $4.81 expected and revenue of $1.53 billion versus $1.66 billion expected, though revenue rose 9.3% year‑over‑year.
• Analysts are mixed: the consensus rating is "Hold" with an average target of $692.31, while several firms have adjusted targets (e.g., Morgan Stanley cut its target to $664) and ratings vary between Buy and Hold.

Baillie Gifford & Co. lessened its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,159,375 shares of the construction company's stock after selling 36,419 shares during the quarter. Baillie Gifford & Co. owned 1.92% of Martin Marietta Materials worth $721,896,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $32,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $33,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $36,000. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Stock Down 0.0%

NYSE MLM opened at $631.53 on Monday. The stock has a fifty day moving average of $630.90 and a 200-day moving average of $628.94. The stock has a market capitalization of $38.09 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. Martin Marietta Materials, Inc. has a 52 week low of $472.96 and a 52 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.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its 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). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $4.79 earnings per share. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. 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 recently weighed in on the company. Morgan Stanley dropped their price target on Martin Marietta Materials from $702.00 to $664.00 and set an "overweight" rating for the company in a report on Monday, April 6th. Truist Financial set a $710.00 price target on Martin Marietta Materials in a report on Thursday, February 12th. B. Riley Financial raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and set a $700.00 price target for the company in a report on Thursday, April 2nd. Wells Fargo & Company dropped their price target on Martin Marietta Materials from $631.00 to $612.00 and set an "equal weight" rating for the company in a 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 for the company in a report on Tuesday, March 31st. Nine research 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 a consensus rating of "Hold" and an average target price of $692.31.

Martin Marietta Materials Profile

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.

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