Curated Wealth Partners LLC Takes $628,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Curated Wealth Partners LLC acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,313 shares of the construction company's stock, valued at approximately $628,000.

Several other large investors also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Martin Marietta Materials by 2.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,759 shares of the construction company's stock valued at $3,491,000 after purchasing an additional 157 shares during the last quarter. Empowered Funds LLC lifted its holdings in Martin Marietta Materials by 14.1% during the 4th quarter. Empowered Funds LLC now owns 1,264 shares of the construction company's stock valued at $653,000 after purchasing an additional 156 shares during the last quarter. Entropy Technologies LP acquired a new stake in Martin Marietta Materials during the 4th quarter valued at $2,107,000. Wealthstar Advisors LLC acquired a new stake in Martin Marietta Materials during the 4th quarter valued at $253,000. Finally, Aubrey Capital Management Ltd acquired a new stake in Martin Marietta Materials during the 4th quarter valued at $2,789,000. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

Shares of NYSE MLM traded down $10.77 during mid-day trading on Friday, reaching $541.87. The company had a trading volume of 249,973 shares, compared to its average volume of 486,254. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $633.23. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 4.45 and a beta of 0.89. The business's 50-day simple moving average is $527.88 and its 200 day simple moving average is $523.24.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.88 by $0.02. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter last year, the business earned $1.93 earnings per share. Martin Marietta Materials's revenue was up 8.2% on a year-over-year basis. On average, research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, June 2nd. Martin Marietta Materials's payout ratio is currently 18.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MLM shares. Stephens cut their price target on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Truist Financial cut their price target on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Morgan Stanley raised their price target on Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen downgraded Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Finally, Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $610.69.

About Martin Marietta Materials

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.