Brandywine Trust Co. Takes Position in Martin Marietta Materials, Inc. $MLM

Brandywine Trust Co. bought a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,400 shares of the construction company's stock, valued at approximately $1,384,000. Martin Marietta Materials accounts for 0.2% of Brandywine Trust Co.'s portfolio, making the stock its 17th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lido Advisors LLC increased its stake in Martin Marietta Materials by 0.8% during the 4th quarter. Lido Advisors LLC now owns 1,920 shares of the construction company's stock valued at $1,209,000 after purchasing an additional 15 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Martin Marietta Materials by 3.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company's stock worth $264,000 after buying an additional 16 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Martin Marietta Materials by 31.4% in the fourth quarter. Harbour Investments Inc. now owns 67 shares of the construction company's stock worth $42,000 after buying an additional 16 shares in the last quarter. AMG National Trust Bank grew its holdings in shares of Martin Marietta Materials by 3.6% during the first quarter. AMG National Trust Bank now owns 495 shares of the construction company's stock valued at $291,000 after buying an additional 17 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Martin Marietta Materials by 0.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,186 shares of the construction company's stock valued at $1,361,000 after buying an additional 17 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MLM shares. Berenberg Bank set a $556.00 price objective on shares of Martin Marietta Materials and gave the stock a "hold" rating in a report on Tuesday, June 2nd. Oppenheimer assumed coverage on Martin Marietta Materials in a research note on Thursday, May 28th. They set a "market perform" rating on the stock. Truist Financial lifted their target price on Martin Marietta Materials from $710.00 to $730.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Royal Bank Of Canada decreased their price target on Martin Marietta Materials from $615.00 to $610.00 and set a "sector perform" rating for the company in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Martin Marietta Materials from $700.00 to $680.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and an average target price of $665.29.

Martin Marietta Materials Trading Down 0.4%

Martin Marietta Materials stock opened at $532.96 on Tuesday. The business has a 50-day simple moving average of $568.55 and a two-hundred day simple moving average of $594.70. The company has a market cap of $32.01 billion, a P/E ratio of 13.09, a P/E/G ratio of 2.31 and a beta of 1.11. Martin Marietta Materials, Inc. has a 52-week low of $522.19 and a 52-week high of $710.97. The company has a quick ratio of 0.73, a current ratio of 1.41 and a debt-to-equity ratio of 0.44.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $5.00 EPS for the quarter, beating the consensus estimate of $4.76 by $0.24. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.87 billion. Martin Marietta Materials had a net margin of 36.73% and a return on equity of 9.49%. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.43 EPS. Analysts predict that Martin Marietta Materials, Inc. will post 19.07 EPS for the current year.

Martin Marietta Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.84 per share. This is an increase from Martin Marietta Materials's previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Martin Marietta Materials's dividend payout ratio is currently 8.16%.

Martin Marietta Materials Company 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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