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Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Bryn Mawr Capital Management LLC

Martin Marietta Materials logo with Construction background

Bryn Mawr Capital Management LLC cut its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 55.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,177 shares of the construction company's stock after selling 4,031 shares during the period. Bryn Mawr Capital Management LLC's holdings in Martin Marietta Materials were worth $1,519,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MLM. Sunbeam Capital Management LLC purchased a new stake in shares of Martin Marietta Materials during the fourth quarter valued at $235,000. Waverly Advisors LLC increased its holdings in Martin Marietta Materials by 78.9% during the 4th quarter. Waverly Advisors LLC now owns 1,041 shares of the construction company's stock worth $538,000 after purchasing an additional 459 shares during the period. Mather Group LLC. raised its position in Martin Marietta Materials by 65.5% during the 1st quarter. Mather Group LLC. now owns 278 shares of the construction company's stock valued at $133,000 after purchasing an additional 110 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Martin Marietta Materials by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,007 shares of the construction company's stock worth $1,457,000 after buying an additional 40 shares during the period. Finally, Vontobel Holding Ltd. grew its position in shares of Martin Marietta Materials by 30.5% during the 1st quarter. Vontobel Holding Ltd. now owns 933 shares of the construction company's stock worth $446,000 after buying an additional 218 shares in the last quarter. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

MLM traded up $5.97 on Thursday, hitting $552.33. 140,694 shares of the company's stock were exchanged, compared to its average volume of 475,463. The firm has a 50-day moving average price of $552.02 and a 200-day moving average price of $521.53. The stock has a market cap of $33.29 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 4.98 and a beta of 0.87. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23.

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

Martin Marietta Materials Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada initiated coverage on Martin Marietta Materials in a research note on Monday, June 16th. They set a "sector perform" rating and a $515.00 price target on the stock. Wall Street Zen lowered shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Seaport Res Ptn upgraded shares of Martin Marietta Materials to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Stifel Nicolaus boosted their price objective on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $603.86.

View Our Latest Report on Martin Marietta Materials

Martin Marietta Materials Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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