Norden Group LLC acquired a brand new place in Martin Marietta Supplies, Inc. (NYSE:MLM – Free Report) within the first quarter, based on the corporate in its most up-to-date submitting with the SEC. The agency acquired 3,400 shares of the development firm’s inventory, valued at roughly $2,089,000.
Quite a few different hedge funds additionally just lately modified their holdings of MLM. Norges Financial institution acquired a brand new place in shares of Martin Marietta Supplies within the fourth quarter valued at $308,705,000. Balyasny Asset Administration L.P. raised its place in Martin Marietta Supplies by 4,244.5% within the fourth quarter. Balyasny Asset Administration L.P. now owns 277,182 shares of the development firm’s inventory price $138,289,000 after buying an extra 270,802 shares within the final quarter. JPMorgan Chase & Co. lifted its stake in Martin Marietta Supplies by 9.7% throughout the third quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the development firm’s inventory price $838,421,000 after buying an extra 181,136 shares throughout the interval. Corient Personal Wealth LLC boosted its holdings in Martin Marietta Supplies by 306.8% throughout the fourth quarter. Corient Personal Wealth LLC now owns 161,690 shares of the development firm’s inventory valued at $80,668,000 after buying an extra 121,941 shares within the final quarter. Lastly, Jennison Associates LLC grew its stake in shares of Martin Marietta Supplies by 96.6% within the 4th quarter. Jennison Associates LLC now owns 157,904 shares of the development firm’s inventory valued at $78,780,000 after buying an extra 77,596 shares throughout the interval. Institutional traders personal 95.04% of the corporate’s inventory.
Martin Marietta Supplies Inventory Down 0.3 %
NYSE MLM opened at $533.32 on Friday. The corporate has a debt-to-equity ratio of 0.44, a fast ratio of two.41 and a present ratio of three.16. Martin Marietta Supplies, Inc. has a 52 week low of $389.90 and a 52 week excessive of $626.67. The inventory has a market capitalization of $32.87 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of two.36 and a beta of 0.91. The inventory has a fifty day transferring common of $569.49 and a 200-day transferring common of $557.45.
Martin Marietta Supplies (NYSE:MLM – Get Free Report) final introduced its quarterly earnings knowledge on Tuesday, April thirtieth. The development firm reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.05. Martin Marietta Supplies had a return on fairness of 14.74% and a internet margin of 31.35%. The agency had income of $1.25 billion throughout the quarter, in comparison with analysts’ expectations of $1.31 billion. Throughout the identical interval within the earlier yr, the enterprise posted $2.16 EPS. The corporate’s quarterly income was down 7.6% in comparison with the identical quarter final yr. On common, equities analysis analysts forecast that Martin Marietta Supplies, Inc. will publish 23.1 EPS for the present yr.
Martin Marietta Supplies Dividend Announcement
The corporate additionally just lately declared a quarterly dividend, which was paid on Friday, June twenty eighth. Stockholders of document on Monday, June third got a dividend of $0.74 per share. The ex-dividend date was Monday, June third. This represents a $2.96 dividend on an annualized foundation and a dividend yield of 0.56%. Martin Marietta Supplies’s dividend payout ratio is 8.77%.
Analyst Upgrades and Downgrades
A number of brokerages just lately commented on MLM. Citigroup boosted their worth goal on Martin Marietta Supplies from $635.00 to $708.00 and gave the corporate a “purchase” ranking in a analysis observe on Friday, April fifth. Wolfe Analysis downgraded shares of Martin Marietta Supplies from an “outperform” ranking to a “peer carry out” ranking in a report on Friday, March eighth. The Goldman Sachs Group upped their worth goal on shares of Martin Marietta Supplies from $642.00 to $737.00 and gave the inventory a “purchase” ranking in a analysis observe on Tuesday, April sixteenth. StockNews.com lowered shares of Martin Marietta Supplies from a “purchase” ranking to a “maintain” ranking in a report on Thursday, Might ninth. Lastly, Truist Monetary boosted their goal worth on Martin Marietta Supplies from $610.00 to $700.00 and gave the inventory a “purchase” ranking in a report on Tuesday, April 2nd. 4 analysis analysts have rated the inventory with a maintain ranking and eleven have assigned a purchase ranking to the inventory. In response to knowledge from MarketBeat, the inventory at present has a mean ranking of “Average Purchase” and a consensus goal worth of $610.25.
View Our Newest Analysis Report on MLM
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 trade in the USA 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 initiatives, and nonresidential and residential building markets, in addition to within the railroad, agricultural, utility, and environmental industries.
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