Bryn Mawr Capital Management LLC Has $2.57 Million Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Bryn Mawr Capital Management LLC decreased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,980 shares of the construction company's stock after selling 2,298 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Martin Marietta Materials were worth $2,572,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. First Personal Financial Services acquired a new position in Martin Marietta Materials in the third quarter worth about $33,000. Kestra Investment Management LLC bought a new stake in shares of Martin Marietta Materials in the 4th quarter valued at approximately $35,000. R Squared Ltd acquired a new position in shares of Martin Marietta Materials in the 4th quarter worth approximately $41,000. Retirement Wealth Solutions LLC bought a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $41,000. Finally, Larson Financial Group LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Stock Down 3.2 %

MLM traded down $16.10 during trading on Friday, reaching $489.94. 730,657 shares of the stock were exchanged, compared to its average volume of 446,578. The stock's 50 day moving average price is $531.34 and its two-hundred day moving average price is $547.49. Martin Marietta Materials, Inc. has a twelve month low of $482.72 and a twelve month high of $633.23. The stock has a market cap of $29.94 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 4.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. Equities analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.64%. Martin Marietta Materials's dividend payout ratio is currently 9.77%.

Wall Street Analysts Forecast Growth

MLM has been the subject of several recent analyst reports. Truist Financial dropped their price objective on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. StockNews.com cut shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Thursday. Loop Capital reduced their price target on shares of Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Barclays dropped their price objective on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, Stephens cut their target price on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Martin Marietta Materials presently has a consensus rating of "Moderate Buy" and an average price target of $639.43.

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.