Diversified Trust Co Sells 86 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Diversified Trust Co cut its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,674 shares of the construction company’s stock after selling 86 shares during the quarter. Diversified Trust Co’s holdings in Martin Marietta Materials were worth $3,447,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Newbridge Financial Services Group Inc. boosted its position in shares of Martin Marietta Materials by 411.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after purchasing an additional 37 shares in the last quarter. Asset Dedication LLC raised its stake in Martin Marietta Materials by 1,300.0% during the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after buying an additional 52 shares during the period. First Personal Financial Services bought a new position in Martin Marietta Materials in the third quarter worth approximately $33,000. Larson Financial Group LLC acquired a new stake in Martin Marietta Materials in the third quarter valued at approximately $49,000. Finally, Tobam increased its holdings in shares of Martin Marietta Materials by 38.8% during the third quarter. Tobam now owns 93 shares of the construction company’s stock valued at $50,000 after acquiring an additional 26 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MLM. Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup reduced their price objective on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley decreased their target price on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective for the company in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $649.54.

Martin Marietta Materials Price Performance

MLM opened at $509.61 on Wednesday. Martin Marietta Materials, Inc. has a fifty-two week low of $485.31 and a fifty-two week high of $633.23. The firm has a 50-day moving average of $569.75 and a 200 day moving average of $552.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The firm has a market cap of $31.15 billion, a P/E ratio of 15.88, a PEG ratio of 3.74 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm posted $6.94 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts expect that Martin Marietta Materials, Inc. will post 17.58 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.62%. Martin Marietta Materials’s payout ratio is 9.85%.

Martin Marietta Materials Company 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.