M.D. Sass LLC Has $59.46 Million Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Key Points

• M.D. Sass LLC increased its holdings in Martin Marietta Materials by 24.2%, owning 124,356 shares worth roughly $59.46 million, making it the fund's 9th largest position.
• Martin Marietta Materials reported its latest quarterly earnings with an EPS of $1.90, surpassing analysts' expectations, while the company also announced a quarterly dividend of $0.79 per share.
• The firm has a market capitalization of $34.79 billion, and its shares have seen a price range from a low of $441.95 to a high of $633.23 over the past year.

M.D. Sass LLC raised its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 24.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 124,356 shares of the construction company's stock after acquiring an additional 24,198 shares during the period. Martin Marietta Materials makes up 5.2% of M.D. Sass LLC's holdings, making the stock its 9th largest position. M.D. Sass LLC owned 0.21% of Martin Marietta Materials worth $59,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Martin Marietta Materials during the 1st quarter valued at $29,000. Chilton Capital Management LLC bought a new stake in shares of Martin Marietta Materials during the 1st quarter valued at $30,000. IMA Advisory Services Inc. bought a new stake in shares of Martin Marietta Materials during the 1st quarter valued at $40,000. Bellwether Advisors LLC bought a new stake in shares of Martin Marietta Materials during the 4th quarter valued at $46,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Martin Marietta Materials in the 4th quarter valued at $47,000. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $577.15 on Friday. The company has a fifty day moving average price of $556.45 and a 200 day moving average price of $526.32. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $633.23. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The firm has a market cap of $34.79 billion, a PE ratio of 33.25, a PEG ratio of 5.29 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.07% and a return on equity of 12.01%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business posted $1.93 EPS. The company's quarterly revenue was up 8.2% on a year-over-year basis. 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 firm 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. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, June 2nd. Martin Marietta Materials's dividend payout ratio is currently 18.20%.

Wall Street Analyst Weigh In

MLM has been the subject of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Martin Marietta Materials in a research report on Monday, June 16th. They issued a "sector perform" rating and a $515.00 price objective for the company. Morgan Stanley upped their price objective on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Wall Street Zen cut shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Stifel Nicolaus upped their price objective on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Raymond James Financial lowered their price objective on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Martin Marietta Materials has an average rating of "Moderate Buy" and a consensus target price of $605.93.

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.

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