Mcdonald Capital Investors Inc. CA Reduces Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Mcdonald Capital Investors Inc. CA lessened its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 1.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,109 shares of the construction company's stock after selling 1,928 shares during the quarter. Martin Marietta Materials comprises 3.3% of Mcdonald Capital Investors Inc. CA's portfolio, making the stock its 12th largest position. Mcdonald Capital Investors Inc. CA owned approximately 0.17% of Martin Marietta Materials worth $54,422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MLM. Principal Financial Group Inc. grew its holdings in shares of Martin Marietta Materials by 76.2% during the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock valued at $876,648,000 after buying an additional 704,460 shares during the last quarter. Malaga Cove Capital LLC bought a new position in Martin Marietta Materials during the third quarter valued at approximately $304,000. Graypoint LLC lifted its position in Martin Marietta Materials by 2.9% during the third quarter. Graypoint LLC now owns 1,501 shares of the construction company's stock valued at $808,000 after purchasing an additional 43 shares during the period. Forte Capital LLC ADV bought a new position in Martin Marietta Materials during the third quarter valued at approximately $557,000. Finally, M&G PLC lifted its position in Martin Marietta Materials by 5.2% during the third quarter. M&G PLC now owns 66,840 shares of the construction company's stock valued at $35,960,000 after purchasing an additional 3,311 shares during the period. Hedge funds and other institutional investors own 95.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MLM shares. Jefferies Financial Group lowered their price objective on shares of Martin Marietta Materials from $650.00 to $635.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Loop Capital increased their price target on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Wednesday, September 25th. Morgan Stanley increased their price target on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the stock an "overweight" rating in a research report on Monday, August 26th. Finally, BNP Paribas raised shares of Martin Marietta Materials to a "strong-buy" rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $634.85.

Martin Marietta Materials Price Performance

MLM traded down $0.15 during trading on Thursday, hitting $617.16. 516,962 shares of the company traded hands, compared to its average volume of 448,493. The company has a market cap of $37.72 billion, a PE ratio of 19.24, a P/E/G ratio of 3.86 and a beta of 0.90. The stock's 50-day simple moving average is $545.48 and its two-hundred day simple moving average is $556.16. Martin Marietta Materials, Inc. has a 1 year low of $444.14 and a 1 year high of $633.23. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing the consensus estimate of $6.41 by ($0.50). The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.94 billion. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The business's revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $6.94 earnings per share. As a group, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 17.95 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.51%. This is a boost from Martin Marietta Materials's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Tuesday, September 3rd. Martin Marietta Materials's dividend payout ratio (DPR) is presently 9.85%.

Martin Marietta Materials Profile

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.