Morgan Stanley decreased its place in Martin Marietta Supplies, Inc. (NYSE:MLM – Free Report) by 3.4% in the course of the third quarter, Holdings Channel.com studies. The agency owned 750,631 shares of the development firm’s inventory after promoting 26,191 shares in the course of the quarter. Morgan Stanley’s holdings in Martin Marietta Supplies have been value $308,120,000 as of its most up-to-date SEC submitting.
A number of different hedge funds have additionally purchased and bought shares of MLM. WINTON GROUP Ltd acquired a brand new place in shares of Martin Marietta Supplies in the course of the second quarter valued at about $428,000. Amalgamated Financial institution elevated its holdings in Martin Marietta Supplies by 2.5% in the course of the third quarter. Amalgamated Financial institution now owns 16,460 shares of the development firm’s inventory value $6,757,000 after buying a further 397 shares within the final quarter. Waratah Capital Advisors Ltd. raised its stake in shares of Martin Marietta Supplies by 121.9% within the second quarter. Waratah Capital Advisors Ltd. now owns 58,015 shares of the development firm’s inventory value $26,785,000 after buying a further 31,867 shares over the last quarter. O Shaughnessy Asset Administration LLC lifted its holdings in shares of Martin Marietta Supplies by 54.9% within the second quarter. O Shaughnessy Asset Administration LLC now owns 1,219 shares of the development firm’s inventory valued at $563,000 after buying a further 432 shares within the final quarter. Lastly, Penobscot Funding Administration Firm Inc. purchased a brand new stake in Martin Marietta Supplies in the course of the second quarter value $263,000. Institutional traders and hedge funds personal 93.22% of the corporate’s inventory.
Wall Avenue Analysts Forecast Development
A number of equities analysts have weighed in on MLM shares. HSBC upgraded Martin Marietta Supplies from a “cut back” score to a “maintain” score and raised their worth goal for the corporate from $376.00 to $543.00 in a analysis observe on Thursday, February twenty second. Stephens boosted their worth goal on shares of Martin Marietta Supplies from $575.00 to $605.00 and gave the inventory an “chubby” score in a report on Friday, February sixteenth. The Goldman Sachs Group elevated their worth goal on shares of Martin Marietta Supplies from $560.00 to $642.00 and gave the corporate a “purchase” score in a analysis observe on Friday, February sixteenth. StockNews.com downgraded Martin Marietta Supplies from a “purchase” score to a “maintain” score in a analysis observe on Friday, February ninth. Lastly, Morgan Stanley assumed protection on Martin Marietta Supplies in a report on Monday, January eighth. They set an “chubby” score and a $595.00 worth goal on the inventory. Three analysts have rated the inventory with a maintain score and eleven have given a purchase score to the corporate’s inventory. In accordance with MarketBeat.com, Martin Marietta Supplies presently has a mean score of “Reasonable Purchase” and a mean goal worth of $559.46.
Verify Out Our Newest Report on Martin Marietta Supplies
Martin Marietta Supplies Worth Efficiency
Shares of NYSE:MLM opened at $603.16 on Wednesday. The agency has a market capitalization of $37.29 billion, a PE ratio of 32.03, a P/E/G ratio of two.91 and a beta of 0.95. The corporate has a fast ratio of two.50, a present ratio of three.35 and a debt-to-equity ratio of 0.49. The corporate has a 50-day shifting common worth of $531.31 and a two-hundred day shifting common worth of $476.55. Martin Marietta Supplies, Inc. has a twelve month low of $317.94 and a twelve month excessive of $617.08.
Martin Marietta Supplies (NYSE:MLM – Get Free Report) final launched its quarterly earnings information on Wednesday, February 14th. The development firm reported $4.63 EPS for the quarter, topping the consensus estimate of $3.96 by $0.67. Martin Marietta Supplies had a web margin of 17.25% and a return on fairness of 15.77%. The corporate had income of $1.61 billion in the course of the quarter, in comparison with the consensus estimate of $1.62 billion. Throughout the identical interval final 12 months, the agency earned $3.04 EPS. Martin Marietta Supplies’s income for the quarter was up 8.9% on a year-over-year foundation. Equities analysts forecast that Martin Marietta Supplies, Inc. will put up 21.05 EPS for the present 12 months.
Martin Marietta Supplies Dividend Announcement
The enterprise additionally just lately disclosed a quarterly dividend, which might be paid on Thursday, March twenty eighth. Traders of file on Monday, March 4th might be paid a dividend of $0.74 per share. The ex-dividend date is Friday, March 1st. This represents a $2.96 dividend on an annualized foundation and a dividend yield of 0.49%. Martin Marietta Supplies’s payout ratio is 15.72%.
Insider Shopping for and Promoting
In different Martin Marietta Supplies information, Director Sue W. Cole bought 1,724 shares of Martin Marietta Supplies inventory in a transaction dated Friday, February sixteenth. The inventory was bought at a mean worth of $543.48, for a complete transaction of $936,959.52. Following the completion of the transaction, the director now owns 19,793 shares of the corporate’s inventory, valued at roughly $10,757,099.64. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which may be accessed by means of this hyperlink. In associated information, CEO C Howard Nye bought 15,000 shares of the inventory in a transaction on Tuesday, March fifth. The inventory was bought at a mean worth of $604.26, for a complete worth of $9,063,900.00. Following the sale, the chief govt officer now owns 134,640 shares within the firm, valued at $81,357,566.40. The sale was disclosed in a doc filed with the Securities & Change Fee, which is offered at this hyperlink. Additionally, Director Sue W. Cole bought 1,724 shares of the enterprise’s inventory in a transaction dated Friday, February sixteenth. The inventory was bought at a mean worth of $543.48, for a complete worth of $936,959.52. Following the transaction, the director now owns 19,793 shares of the corporate’s inventory, valued at $10,757,099.64. The disclosure for this sale may be discovered right here. 0.59% of the inventory is at present owned by insiders.
About Martin Marietta Supplies
(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 america and internationally. It provides crushed stone, sand, and gravel merchandise; prepared combined concrete and asphalt; paving services; and Portland and specialty cement to be used within the infrastructure initiatives, and nonresidential and residential development markets, in addition to within the railroad, agricultural, utility, and environmental industries.
Featured Tales
Need to see what different hedge funds are holding MLM? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Martin Marietta Supplies, Inc. (NYSE:MLM – Free Report).
Obtain Information & Scores for Martin Marietta Supplies Day by day – Enter your e-mail handle under to obtain a concise each day abstract of the most recent information and analysts’ scores for Martin Marietta Supplies and associated firms with MarketBeat.com’s FREE each day e-mail publication.