Chevy Chase Belief Holdings LLC trimmed its stake in shares of Martin Marietta Supplies, Inc. (NYSE:MLM – Free Report) by 0.5% within the fourth quarter, in response to the corporate in its most up-to-date submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 35,791 shares of the development firm’s inventory after promoting 194 shares through the quarter. Chevy Chase Belief Holdings LLC’s holdings in Martin Marietta Supplies have been value $17,856,000 on the finish of the latest reporting interval.
Numerous different institutional buyers have additionally added to or diminished their stakes in MLM. MV Capital Administration Inc. elevated its place in Martin Marietta Supplies by 144.4% through the third quarter. MV Capital Administration Inc. now owns 66 shares of the development firm’s inventory value $27,000 after buying an extra 39 shares within the final quarter. Alternate Traded Ideas LLC purchased a brand new stake in Martin Marietta Supplies through the 4th quarter value roughly $27,000. Householder Group Property & Retirement Specialist LLC purchased a brand new stake in Martin Marietta Supplies through the third quarter value roughly $30,000. Covestor Ltd grew its holdings in Martin Marietta Supplies by 84.6% through the third quarter. Covestor Ltd now owns 72 shares of the development firm’s inventory value $30,000 after buying an extra 33 shares over the last quarter. Lastly, Quarry LP purchased a brand new stake in Martin Marietta Supplies through the 1st quarter value roughly $30,000. 95.04% of the inventory is at present owned by institutional buyers and hedge funds.
Analyst Rankings Adjustments
Numerous analysis corporations have weighed in on MLM. HSBC raised shares of Martin Marietta Supplies from a “scale back” ranking to a “maintain” ranking and boosted their goal worth for the inventory from $376.00 to $543.00 in a report on Thursday, February twenty second. Citigroup boosted their goal worth on shares of Martin Marietta Supplies from $635.00 to $708.00 and gave the inventory a “purchase” ranking in a report on Friday. The Goldman Sachs Group boosted their goal worth on shares of Martin Marietta Supplies from $560.00 to $642.00 and gave the inventory a “purchase” ranking in a report on Friday, February sixteenth. StockNews.com lowered shares of Martin Marietta Supplies from a “purchase” ranking to a “maintain” ranking in a report on Friday, February ninth. Lastly, Stifel Nicolaus upped their worth goal on shares of Martin Marietta Supplies from $510.00 to $598.00 and gave the corporate a “purchase” ranking in a analysis notice on Tuesday, December nineteenth. 4 equities analysis analysts have rated the inventory with a maintain ranking and ten have assigned a purchase ranking to the corporate. Based mostly on information from MarketBeat, the corporate at present has a consensus ranking of “Reasonable Purchase” and a median goal worth of $577.38.
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Martin Marietta Supplies Inventory Up 2.5 %
Shares of NYSE MLM opened at $619.41 on Friday. The agency has a market cap of $38.29 billion, a PE ratio of 32.89, a P/E/G ratio of three.03 and a beta of 0.96. Martin Marietta Supplies, Inc. has a 12-month low of $332.13 and a 12-month excessive of $622.28. The corporate’s fifty day easy transferring common is $570.92 and its 200 day easy transferring common is $497.38. The corporate has a fast ratio of two.50, a present ratio of three.35 and a debt-to-equity ratio of 0.49.
Martin Marietta Supplies (NYSE:MLM – Get Free Report) final issued its earnings outcomes on Wednesday, February 14th. The development firm reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.67. The enterprise had income of $1.61 billion for the quarter, in comparison with analyst estimates of $1.62 billion. Martin Marietta Supplies had a internet margin of 17.25% and a return on fairness of 15.77%. Martin Marietta Supplies’s income was up 8.9% on a year-over-year foundation. Throughout the identical interval within the prior yr, the agency earned $3.04 earnings per share. As a bunch, sell-side analysts forecast that Martin Marietta Supplies, Inc. will submit 21.09 earnings per share for the present fiscal yr.
Martin Marietta Supplies Broadcasts Dividend
The enterprise additionally lately introduced a quarterly dividend, which was paid on Thursday, March twenty eighth. Traders of document on Monday, March 4th have been paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Friday, March 1st. Martin Marietta Supplies’s dividend payout ratio is presently 15.72%.
Insider Shopping for and Promoting
In different Martin Marietta Supplies information, Director Sue W. Cole bought 1,724 shares of the corporate’s inventory in a transaction on Friday, February sixteenth. The shares have been bought at a median worth of $543.48, for a complete transaction of $936,959.52. Following the transaction, the director now owns 19,793 shares within the firm, valued at $10,757,099.64. The transaction was disclosed in a submitting with the SEC, which is accessible via this hyperlink. In different Martin Marietta Supplies information, CEO C Howard Nye bought 15,000 shares of the corporate’s inventory in a transaction on Tuesday, March fifth. The shares have been bought at a median worth of $604.26, for a complete transaction of $9,063,900.00. Following the transaction, the chief government officer now owns 134,640 shares within the firm, valued at $81,357,566.40. The transaction was disclosed in a submitting with the SEC, which is accessible via this hyperlink. Additionally, Director Sue W. Cole bought 1,724 shares of the corporate’s inventory in a transaction on Friday, February sixteenth. The inventory was bought at a median worth of $543.48, for a complete transaction of $936,959.52. Following the transaction, the director now owns 19,793 shares within the firm, valued at roughly $10,757,099.64. The disclosure for this sale will be discovered right here. Insiders have bought a complete of 26,724 shares of firm inventory valued at $16,033,760 over the past ninety days. 0.61% of the inventory is owned by company insiders.
Martin Marietta Supplies Firm Profile
(Free Report)
Martin Marietta Supplies, Inc, a pure resource-based constructing supplies firm, provides aggregates and heavy-side constructing supplies to the development business in the US and internationally. It affords crushed stone, sand, and gravel merchandise; prepared combined concrete and asphalt; paving services; and Portland and specialty cement to be used within the infrastructure tasks, and nonresidential and residential development markets, in addition to within the railroad, agricultural, utility, and environmental industries.
Additional Studying
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