Impact Capital Partners LLC Sells 59 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Impact Capital Partners LLC lessened its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 954 shares of the construction company’s stock after selling 59 shares during the quarter. Impact Capital Partners LLC’s holdings in Martin Marietta Materials were worth $456,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Procyon Advisors LLC increased its stake in Martin Marietta Materials by 9.6% during the 1st quarter. Procyon Advisors LLC now owns 3,654 shares of the construction company’s stock valued at $1,747,000 after purchasing an additional 319 shares in the last quarter. Stablepoint Partners LLC increased its stake in Martin Marietta Materials by 109.7% during the 1st quarter. Stablepoint Partners LLC now owns 1,915 shares of the construction company’s stock valued at $916,000 after purchasing an additional 1,002 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Martin Marietta Materials by 15.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,155 shares of the construction company’s stock valued at $552,000 after purchasing an additional 153 shares in the last quarter. Gilman Hill Asset Management LLC increased its stake in Martin Marietta Materials by 7.1% during the 1st quarter. Gilman Hill Asset Management LLC now owns 825 shares of the construction company’s stock valued at $394,000 after purchasing an additional 55 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in Martin Marietta Materials by 3.5% during the 1st quarter. Financial Management Professionals Inc. now owns 652 shares of the construction company’s stock valued at $312,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 0.2%

MLM stock opened at $551.29 on Friday. The firm has a market cap of $33.23 billion, a PE ratio of 17.05, a P/E/G ratio of 4.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The firm’s fifty day moving average is $521.85 and its 200 day moving average is $524.42. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $633.23.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.88 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $1.93 earnings per share. On average, research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, June 2nd. Martin Marietta Materials’s payout ratio is 18.20%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MLM shares. Truist Financial cut their price target on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Stephens cut their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Loop Capital dropped their price objective on shares of Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Seaport Res Ptn raised shares of Martin Marietta Materials to a “strong-buy” rating in a report on Friday, March 21st. Finally, UBS Group raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and upped their price objective for the company from $548.00 to $634.00 in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $610.69.

Martin Marietta Materials Profile

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.