Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 16.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,690 shares of the construction company's stock after selling 518 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in Martin Marietta Materials were worth $1,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MLM. Lee Danner & Bass Inc. bought a new position in Martin Marietta Materials in the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new stake in Martin Marietta Materials during the fourth quarter worth $32,000. Hopwood Financial Services Inc. purchased a new stake in Martin Marietta Materials during the fourth quarter worth $36,000. EverSource Wealth Advisors LLC lifted its holdings in Martin Marietta Materials by 91.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock worth $37,000 after buying an additional 34 shares during the period. Finally, Bellwether Advisors LLC purchased a new stake in Martin Marietta Materials during the fourth quarter worth $46,000. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

MLM traded up $9.68 during trading on Friday, reaching $550.34. The company's stock had a trading volume of 448,679 shares, compared to its average volume of 484,721. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $540.97 and a two-hundred day simple moving average of $519.38. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $633.23. The company has a market cap of $33.17 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 4.99 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.88 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a net margin of 16.07% and a return on equity of 12.01%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.93 EPS. As a group, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be paid a $0.79 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.57%. Martin Marietta Materials's dividend payout ratio (DPR) is 18.20%.

Analysts Set New Price Targets

MLM has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered Martin Marietta Materials from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $640.00 to $560.00 in a report on Wednesday, March 19th. Royal Bank Of Canada began coverage on Martin Marietta Materials in a report on Monday, June 16th. They set a "sector perform" rating and a $515.00 target price for the company. UBS Group upgraded Martin Marietta Materials from a "neutral" rating to a "buy" rating and increased their price objective for the company from $548.00 to $634.00 in a report on Friday, May 16th. Loop Capital decreased their price objective on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, Morgan Stanley increased their price objective on Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and a consensus target price of $603.86.

Martin Marietta Materials Company 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.