TD Asset Management Inc Has $57.61 Million Stake in Martin Marietta Materials, Inc. $MLM

TD Asset Management Inc decreased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,516 shares of the construction company’s stock after selling 10,683 shares during the quarter. TD Asset Management Inc’s holdings in Martin Marietta Materials were worth $57,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Optima Capital LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Martin Marietta Materials in the 3rd quarter valued at $27,000. Redmont Wealth Advisors LLC acquired a new stake in Martin Marietta Materials in the 3rd quarter valued at $32,000. Union Bancaire Privee UBP SA acquired a new stake in Martin Marietta Materials in the 4th quarter valued at $36,000. Finally, Osterweis Capital Management Inc. acquired a new stake in Martin Marietta Materials in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MLM shares. DA Davidson set a $680.00 price target on shares of Martin Marietta Materials in a research report on Thursday, February 12th. Berenberg Bank set a $556.00 price target on shares of Martin Marietta Materials and gave the company a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reduced their price target on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating for the company in a research report on Monday, May 4th. Weiss Ratings raised shares of Martin Marietta Materials from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, B. Riley Financial raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price target for the company in a research report on Thursday, April 2nd. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $681.94.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $576.76 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $591.32 and its two-hundred day simple moving average is $620.00. Martin Marietta Materials, Inc. has a 1-year low of $525.38 and a 1-year high of $710.97. The stock has a market cap of $34.63 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 2.46 and a beta of 1.10.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $1.90 EPS. The business’s revenue was up 17.2% on a year-over-year basis. As a group, analysts forecast that Martin Marietta Materials, Inc. will post 19.41 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 1st. Martin Marietta Materials’s payout ratio is presently 7.91%.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.