SRN Advisors LLC Sells 207 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

SRN Advisors LLC trimmed its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 8.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,353 shares of the construction company’s stock after selling 207 shares during the quarter. SRN Advisors LLC’s holdings in Martin Marietta Materials were worth $1,215,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MLM. Whipplewood Advisors LLC bought a new position in Martin Marietta Materials in the 4th quarter valued at $32,000. NewEdge Wealth LLC increased its stake in shares of Martin Marietta Materials by 0.8% in the fourth quarter. NewEdge Wealth LLC now owns 5,422 shares of the construction company’s stock valued at $2,800,000 after buying an additional 41 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Martin Marietta Materials by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,236 shares of the construction company’s stock valued at $2,704,000 after buying an additional 38 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in Martin Marietta Materials by 1.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company’s stock worth $690,000 after buying an additional 19 shares in the last quarter. Finally, FFT Wealth Management LLC grew its holdings in Martin Marietta Materials by 3.1% during the 4th quarter. FFT Wealth Management LLC now owns 1,283 shares of the construction company’s stock worth $663,000 after acquiring an additional 38 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $491.15 on Thursday. The stock has a market cap of $30.02 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. The stock has a 50-day moving average of $527.89 and a 200-day moving average of $546.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. Martin Marietta Materials, Inc. has a one year low of $482.72 and a one year high of $633.23.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, February 12th. The construction company reported $4.79 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%. As a group, sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MLM. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price for the company in a research note on Wednesday, December 11th. StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Stephens lowered their target price on 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. Finally, UBS Group initiated coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $730.00 price target on the stock. 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. According to MarketBeat, Martin Marietta Materials currently 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.