Third View Private Wealth LLC Makes New $2.42 Million Investment in Martin Marietta Materials, Inc. $MLM

Key Points

• Third View Private Wealth bought a new position of 3,887 shares in Martin Marietta worth about $2.42 million in Q4, and institutional investors now own approximately 95.04% of the company’s stock.
• Martin Marietta’s latest quarter missed expectations, reporting EPS of $4.62 versus $4.81 expected and revenue of $1.53 billion versus $1.66 billion, although revenue was up 9.3% year‑over‑year.
• Analysts are mixed: MarketBeat shows a consensus rating of Hold with an average target of $692.31 (9 Buys, 7 Holds, 1 Sell), while individual price targets range from the low $600s to the $800s.

Third View Private Wealth LLC bought a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,887 shares of the construction company's stock, valued at approximately $2,420,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Whitener Capital Management Inc. lifted its position in Martin Marietta Materials by 1.4% during the 4th quarter. Whitener Capital Management Inc. now owns 2,960 shares of the construction company's stock worth $1,843,000 after acquiring an additional 40 shares during the last quarter. Fourpath Capital Management LLC lifted its position in Martin Marietta Materials by 33.9% during the 4th quarter. Fourpath Capital Management LLC now owns 2,712 shares of the construction company's stock worth $1,689,000 after acquiring an additional 686 shares during the last quarter. Choreo LLC lifted its position in Martin Marietta Materials by 17.0% during the 4th quarter. Choreo LLC now owns 3,813 shares of the construction company's stock worth $2,410,000 after acquiring an additional 554 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Martin Marietta Materials by 3.3% during the 4th quarter. Ritholtz Wealth Management now owns 667 shares of the construction company's stock worth $415,000 after purchasing an additional 21 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Martin Marietta Materials by 7.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,109 shares of the construction company's stock worth $1,313,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MLM. Jefferies Financial Group restated a "buy" rating and set a $785.00 price objective on shares of Martin Marietta Materials in a report on Thursday, February 26th. Wells Fargo & Company dropped their price objective on shares of Martin Marietta Materials from $631.00 to $612.00 and set an "equal weight" rating on the stock in a report on Thursday, February 12th. B. Riley Financial upgraded shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and set a $700.00 price objective on the stock in a report on Thursday, April 2nd. Barclays dropped their price objective on shares of Martin Marietta Materials from $675.00 to $640.00 and set an "overweight" rating on the stock in a report on Tuesday, March 31st. Finally, Citigroup boosted their price objective on shares of Martin Marietta Materials from $780.00 to $804.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $692.31.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $634.67 on Tuesday. The company has a market capitalization of $38.28 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 2.47 and a beta of 1.19. The company has a 50-day moving average of $630.50 and a 200-day moving average of $629.12. Martin Marietta Materials, Inc. has a 52 week low of $478.86 and a 52 week high of $710.97. 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 (NYSE:MLM - Get Free Report) last posted its earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($0.19). The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.66 billion. Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The business's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.79 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were paid a $0.83 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. Martin Marietta Materials's payout ratio is presently 17.66%.

Martin Marietta Materials 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.