Park Avenue Securities LLC grew its place in shares of Martin Marietta Supplies, Inc. (NYSE:MLM – Free Report) by 8.5% through the 1st quarter, in response to its most up-to-date submitting with the Securities and Change Fee (SEC). The agency owned 2,350 shares of the development firm’s inventory after shopping for an extra 184 shares through the interval. Park Avenue Securities LLC’s holdings in Martin Marietta Supplies had been value $1,443,000 on the finish of the newest quarter.
Different massive buyers have additionally not too long ago added to or decreased their stakes within the firm. Ables Iannone Moore & Associates Inc. purchased a brand new place in Martin Marietta Supplies through the 4th quarter value $25,000. Pinnacle Bancorp Inc. acquired a brand new stake in shares of Martin Marietta Supplies through the 4th quarter value $26,000. Change Traded Ideas LLC acquired a brand new stake in shares of Martin Marietta Supplies through the 4th quarter value $27,000. Benjamin Edwards Inc. grew its holdings in shares of Martin Marietta Supplies by 78.8% through the 4th quarter. Benjamin Edwards Inc. now owns 59 shares of the development firm’s inventory value $29,000 after buying an extra 26 shares within the final quarter. Lastly, Covestor Ltd grew its holdings in shares of 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 within the final quarter. Institutional buyers personal 95.04% of the corporate’s inventory.
Analysts Set New Value Targets
MLM has been the subject of a number of analyst experiences. Stifel Nicolaus elevated their goal worth on Martin Marietta Supplies from $621.00 to $650.00 and gave the inventory a “purchase” ranking in a report on Monday, April fifteenth. StockNews.com lowered Martin Marietta Supplies from a “purchase” ranking to a “maintain” ranking in a report on Thursday, Could ninth. Wolfe Analysis lowered Martin Marietta Supplies from an “outperform” ranking to a “peer carry out” ranking in a report on Friday, March eighth. JPMorgan Chase & Co. reissued a “impartial” ranking and set a $600.00 goal worth (up from $530.00) on shares of Martin Marietta Supplies in a report on Friday, March twenty second. Lastly, Citigroup elevated their goal worth on Martin Marietta Supplies from $635.00 to $708.00 and gave the inventory a “purchase” ranking in a report on Friday, April fifth. 4 funding analysts have rated the inventory with a maintain ranking and ten have given a purchase ranking to the corporate’s inventory. In keeping with MarketBeat, Martin Marietta Supplies has a consensus ranking of “Average Purchase” and a consensus worth goal of $610.27.
Learn Our Newest Inventory Evaluation on MLM
Martin Marietta Supplies Inventory Efficiency
Shares of MLM inventory opened at $544.13 on Monday. The enterprise’s 50-day transferring common worth is $579.35 and its 200-day transferring common worth is $554.98. Martin Marietta Supplies, Inc. has a 12 month low of $389.90 and a 12 month excessive of $626.67. The agency has a market capitalization of $33.54 billion, a price-to-earnings ratio of 16.12, a PEG ratio of two.38 and a beta of 0.93. The corporate has a present ratio of three.16, a fast ratio of two.41 and a debt-to-equity ratio of 0.44.
Martin Marietta Supplies (NYSE:MLM – Get Free Report) final introduced its quarterly earnings outcomes on Tuesday, April thirtieth. The development firm reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.05. Martin Marietta Supplies had a return on fairness of 14.74% and a web margin of 31.35%. The agency had income of $1.25 billion for the quarter, in comparison with analyst estimates of $1.31 billion. Throughout the identical interval final yr, the agency posted $2.16 earnings per share. The enterprise’s income for the quarter was down 7.6% on a year-over-year foundation. Equities analysis analysts forecast that Martin Marietta Supplies, Inc. will submit 23.29 EPS for the present yr.
Martin Marietta Supplies Dividend Announcement
The corporate additionally not too long ago declared a quarterly dividend, which can be paid on Friday, June twenty eighth. Stockholders of document on Monday, June third can be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized foundation and a dividend yield of 0.54%. The ex-dividend date is Monday, June third. Martin Marietta Supplies’s payout ratio is 8.77%.
Martin Marietta Supplies 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 US and internationally. It affords crushed stone, sand, and gravel merchandise; prepared blended 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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