Defender Capital LLC. Sells 100 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Defender Capital LLC. cut its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 655 shares of the construction company’s stock after selling 100 shares during the quarter. Defender Capital LLC.’s holdings in Martin Marietta Materials were worth $338,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in Martin Marietta Materials by 77.1% in the second quarter. Public Sector Pension Investment Board now owns 2,353 shares of the construction company’s stock valued at $1,275,000 after acquiring an additional 1,024 shares during the period. Mackenzie Financial Corp increased its stake in Martin Marietta Materials by 32.9% during the 2nd quarter. Mackenzie Financial Corp now owns 6,825 shares of the construction company’s stock worth $3,698,000 after purchasing an additional 1,691 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Martin Marietta Materials by 23.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,782 shares of the construction company’s stock worth $965,000 after buying an additional 339 shares during the period. EP Wealth Advisors LLC boosted its holdings in shares of Martin Marietta Materials by 6.4% in the second quarter. EP Wealth Advisors LLC now owns 1,035 shares of the construction company’s stock valued at $561,000 after buying an additional 62 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Martin Marietta Materials by 41.5% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 28,616 shares of the construction company’s stock worth $15,504,000 after acquiring an additional 8,387 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

MLM opened at $540.51 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The company has a market capitalization of $33.04 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 3.21 and a beta of 0.91. The business has a fifty day simple moving average of $548.40 and a 200 day simple moving average of $551.33. Martin Marietta Materials, Inc. has a 1 year low of $490.05 and a 1 year high of $633.23.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.94 earnings per share. Research analysts expect that Martin Marietta Materials, Inc. will post 17.57 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were given a dividend of $0.79 per share. The ex-dividend date was Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 0.58%. Martin Marietta Materials’s dividend payout ratio is 9.85%.

Analyst Ratings Changes

MLM has been the topic of a number of research reports. Morgan Stanley cut their price target on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Jefferies Financial Group decreased their price target on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Citigroup decreased their target price on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Loop Capital boosted their price target on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $648.71.

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.