Simon Quick Advisors LLC Sells 1,796 Shares of Martin Marietta Materials, Inc. $MLM

Key Points

• Simon Quick Advisors LLC reduced its stake in Martin Marietta Materials by 53.2% in Q4, selling 1,796 shares and leaving it with 1,583 shares worth about $986,000.
• Martin Marietta missed quarterly EPS and revenue estimates (EPS $4.62 vs. $4.81 expected; revenue $1.53B vs. $1.66B), but analysts maintain a "Moderate Buy" consensus with a consensus target of $692.06.

Simon Quick Advisors LLC decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 53.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,583 shares of the construction company's stock after selling 1,796 shares during the quarter. Simon Quick Advisors LLC's holdings in Martin Marietta Materials were worth $986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Optima Capital LLC acquired a new position in Martin Marietta Materials during the 4th quarter worth approximately $25,000. Quent Capital LLC bought a new position in Martin Marietta Materials in the 3rd quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Martin Marietta Materials in the third quarter valued at approximately $27,000. Redmont Wealth Advisors LLC acquired a new stake in Martin Marietta Materials in the third quarter valued at approximately $32,000. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of Martin Marietta Materials during the third quarter worth $33,000. Institutional investors own 95.04% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MLM shares. DA Davidson set a $680.00 price target on shares of Martin Marietta Materials in a report on Thursday, February 12th. Morgan Stanley cut their price objective on Martin Marietta Materials from $702.00 to $664.00 and set an "overweight" rating on the stock in a report on Monday, April 6th. Jefferies Financial Group restated a "buy" rating and set a $785.00 price objective on shares of Martin Marietta Materials in a research report on Thursday, February 26th. B. Riley Financial raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and set a $700.00 target price for the company in a report on Thursday, April 2nd. Finally, Citigroup increased their target price on Martin Marietta Materials from $780.00 to $804.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $692.06.

Martin Marietta Materials Trading Up 0.0%

Shares of NYSE MLM opened at $615.35 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.36 and a current ratio of 3.57. Martin Marietta Materials, Inc. has a 52-week low of $490.31 and a 52-week high of $710.97. The firm has a 50 day moving average price of $619.83 and a two-hundred day moving average price of $628.55. The stock has a market cap of $37.08 billion, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($0.19). Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business posted $4.79 EPS. Martin Marietta Materials's revenue was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.51 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 2nd. Martin Marietta Materials's dividend payout ratio (DPR) is currently 17.66%.

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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