Cultivar Capital Inc. Sells 90 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Cultivar Capital Inc. decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,447 shares of the construction company’s stock after selling 90 shares during the quarter. Martin Marietta Materials comprises about 2.0% of Cultivar Capital Inc.’s holdings, making the stock its 9th largest position. Cultivar Capital Inc.’s holdings in Martin Marietta Materials were worth $2,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its position in Martin Marietta Materials by 411.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after buying an additional 37 shares during the period. Asset Dedication LLC grew its holdings in Martin Marietta Materials by 1,300.0% in the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares during the period. First Personal Financial Services acquired a new position in shares of Martin Marietta Materials during the 3rd quarter valued at about $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Martin Marietta Materials during the 4th quarter worth about $41,000. Finally, R Squared Ltd acquired a new stake in shares of Martin Marietta Materials in the fourth quarter worth approximately $41,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Performance

Shares of MLM stock 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. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. The business has a 50 day simple moving average of $548.40 and a 200 day simple moving average of $551.33. The firm has a market capitalization of $33.04 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 3.21 and a beta of 0.91.

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

Martin Marietta Materials Announces Dividend

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

Analyst Upgrades and Downgrades

MLM has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their target price on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $515.00 to $640.00 in a research note on Wednesday, November 27th. Loop Capital increased their target price 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. Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Morgan Stanley dropped their price objective on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.