Y.D. More Investments Ltd Makes New $1.31 Million Investment in Martin Marietta Materials, Inc. $MLM

Key Points

• Y.D. More Investments Ltd purchased a new stake of 2,109 shares (~$1.31 million) in Martin Marietta Materials during Q4, and institutional investors now own 95.04% of the company's stock.
• Martin Marietta missed Q4 estimates, reporting EPS of $4.62 vs. $4.81 expected and revenue of $1.53 billion vs. $1.66 billion expected.
• Analysts are mixed with an average rating of "Hold" and an average target price of $694.69, based on 9 Buys, 7 Holds, and 1 Sell.

Y.D. More Investments Ltd purchased a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,109 shares of the construction company's stock, valued at approximately $1,313,000.

Several other hedge funds have also recently modified their holdings of the business. Integrated Wealth Concepts LLC raised its stake in Martin Marietta Materials by 6.6% in the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company's stock worth $379,000 after buying an additional 49 shares in the last quarter. Empowered Funds LLC boosted its position in Martin Marietta Materials by 11.4% during the 1st quarter. Empowered Funds LLC now owns 1,408 shares of the construction company's stock valued at $673,000 after acquiring an additional 144 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Martin Marietta Materials by 11.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company's stock valued at $280,000 after acquiring an additional 51 shares during the period. XTX Topco Ltd bought a new position in shares of Martin Marietta Materials in the 2nd quarter worth $332,000. Finally, Lido Advisors LLC raised its position in shares of Martin Marietta Materials by 17.6% in the 2nd quarter. Lido Advisors LLC now owns 1,068 shares of the construction company's stock worth $586,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MLM. Zacks Research downgraded Martin Marietta Materials from a "hold" rating to a "strong sell" rating in a research report on Friday, February 13th. Barclays decreased their price target on shares of Martin Marietta Materials from $675.00 to $640.00 and set an "overweight" rating for the company in a research report on Tuesday, March 31st. B. Riley Financial upgraded shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and set a $700.00 price target on the stock in a report on Thursday. Jefferies Financial Group reiterated a "buy" rating and set a $785.00 price objective on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $630.00 price target on shares of Martin Marietta Materials in a report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Martin Marietta Materials currently has an average rating of "Hold" and an average target price of $694.69.

Martin Marietta Materials Stock Performance

MLM opened at $597.49 on Monday. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $710.97. The company has a quick ratio of 2.36, a current ratio of 3.57 and a debt-to-equity ratio of 0.53. The company has a market cap of $36.03 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19. The firm's 50-day moving average price is $634.51 and its 200-day moving average price is $629.00.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its earnings results on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing analysts' consensus estimates of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business earned $4.79 earnings per share. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 2nd. Martin Marietta Materials's dividend payout ratio is presently 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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