SYM FINANCIAL Corp Sells 449 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

SYM FINANCIAL Corp cut its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 34.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 843 shares of the construction company's stock after selling 449 shares during the period. SYM FINANCIAL Corp's holdings in Martin Marietta Materials were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in Martin Marietta Materials in the 1st quarter valued at about $29,000. Chilton Capital Management LLC bought a new stake in Martin Marietta Materials during the 1st quarter worth approximately $30,000. Bellwether Advisors LLC bought a new stake in Martin Marietta Materials during the 4th quarter worth approximately $46,000. Kapitalo Investimentos Ltda bought a new stake in Martin Marietta Materials during the 4th quarter worth approximately $47,000. Finally, Valley National Advisers Inc. increased its holdings in Martin Marietta Materials by 193.9% during the 1st quarter. Valley National Advisers Inc. now owns 97 shares of the construction company's stock worth $45,000 after purchasing an additional 64 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Price Performance

Shares of MLM stock traded up $4.57 on Friday, reaching $586.01. The company's stock had a trading volume of 233,523 shares, compared to its average volume of 483,340. The company has a market capitalization of $35.32 billion, a P/E ratio of 33.76, a PEG ratio of 5.23 and a beta of 0.87. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $633.23. The stock's 50 day simple moving average is $554.71 and its 200-day simple moving average is $523.69.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.88 by $0.02. The business had revenue of $1.35 billion for 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 firm's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.93 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.54%. Martin Marietta Materials's dividend payout ratio (DPR) is currently 18.20%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. 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. UBS Group upgraded Martin Marietta Materials from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $548.00 to $634.00 in a research note on Friday, May 16th. Stifel Nicolaus boosted their target price on Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Royal Bank Of Canada started coverage on Martin Marietta Materials in a research note on Monday, June 16th. They issued a "sector perform" rating and a $515.00 target price on the stock. Finally, Wall Street Zen downgraded Martin Marietta Materials from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Martin Marietta Materials has an average rating of "Moderate Buy" and an average price target of $603.86.

Martin Marietta Materials 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.