Everpar Advisors LLC Sells 69 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Everpar Advisors LLC reduced its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 8.1% during the 1st quarter, Holdings Channel reports. The fund owned 788 shares of the construction company’s stock after selling 69 shares during the period. Everpar Advisors LLC’s holdings in Martin Marietta Materials were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in Martin Marietta Materials in the 4th quarter valued at about $28,000. Whipplewood Advisors LLC bought a new position in Martin Marietta Materials in the 4th quarter valued at about $32,000. Kestra Investment Management LLC bought a new position in Martin Marietta Materials in the 4th quarter valued at about $35,000. Hopwood Financial Services Inc. bought a new position in Martin Marietta Materials in the 4th quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Martin Marietta Materials by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company’s stock valued at $37,000 after acquiring an additional 34 shares during the period. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $541.87 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $32.67 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 4.45 and a beta of 0.89. The firm’s 50 day simple moving average is $527.88 and its 200 day simple moving average is $523.24. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.02. The business 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 for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.58%. Martin Marietta Materials’s dividend payout ratio is 18.20%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MLM shares. JPMorgan Chase & Co. cut shares of Martin Marietta Materials from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $640.00 to $560.00 in a report on Wednesday, March 19th. Loop Capital decreased their target price on shares of Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley increased their target price on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Seaport Res Ptn upgraded shares of Martin Marietta Materials to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $610.69.

Martin Marietta Materials Company 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.