Martin Marietta Materials, Inc. (MLM) Position Reduced by Kingfisher Capital LLC

Kingfisher Capital LLC lowered its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,182 shares of the construction company’s stock after selling 1,427 shares during the period. Kingfisher Capital LLC’s holdings in Martin Marietta Materials were worth $1,671,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Flagship Harbor Advisors LLC purchased a new position in Martin Marietta Materials during the 2nd quarter worth approximately $128,000. Robeco Institutional Asset Management B.V. purchased a new position in Martin Marietta Materials during the 3rd quarter worth approximately $110,000. Piedmont Investment Advisors LLC purchased a new position in Martin Marietta Materials during the 2nd quarter worth approximately $160,000. Putnam Investments LLC purchased a new position in Martin Marietta Materials during the 2nd quarter worth approximately $203,000. Finally, Sawtooth Solutions LLC purchased a new position in Martin Marietta Materials during the 2nd quarter worth approximately $205,000.

MLM has been the topic of several research analyst reports. Nomura started coverage on shares of Martin Marietta Materials in a research report on Monday, October 29th. They set a “buy” rating and a $220.00 price objective on the stock. Barclays set a $215.00 price target on shares of Martin Marietta Materials and gave the company a “hold” rating in a report on Friday, September 28th. ValuEngine upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Stephens set a $204.00 price target on shares of Martin Marietta Materials and gave the company a “hold” rating in a report on Tuesday, November 13th. Finally, DA Davidson set a $200.00 price target on shares of Martin Marietta Materials and gave the company a “hold” rating in a report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Martin Marietta Materials currently has a consensus rating of “Hold” and a consensus target price of $219.11.

Martin Marietta Materials stock opened at $190.69 on Monday. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.88 and a quick ratio of 1.04. Martin Marietta Materials, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $241.33.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, November 6th. The construction company reported $2.85 EPS for the quarter, beating the Zacks’ consensus estimate of $2.64 by $0.21. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Martin Marietta Materials had a net margin of 17.95% and a return on equity of 10.78%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.39 earnings per share. Equities analysts forecast that Martin Marietta Materials, Inc. will post 8.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 3rd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, November 30th. Martin Marietta Materials’s dividend payout ratio is currently 26.74%.

In other news, SVP Donald A. Mccunniff sold 1,476 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $185.50, for a total transaction of $273,798.00. Following the completion of the transaction, the senior vice president now owns 14,467 shares of the company’s stock, valued at $2,683,628.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is currently owned by corporate insiders.

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Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; 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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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