GW&K Investment Management LLC Has $23.08 Million Holdings in Martin Marietta Materials, Inc. $MLM

GW&K Investment Management LLC trimmed its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,620 shares of the construction company’s stock after selling 1,471 shares during the quarter. GW&K Investment Management LLC owned about 0.06% of Martin Marietta Materials worth $23,081,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Schear Investment Advisers LLC lifted its stake in shares of Martin Marietta Materials by 0.6% in the third quarter. Schear Investment Advisers LLC now owns 2,731 shares of the construction company’s stock worth $1,721,000 after buying an additional 16 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Martin Marietta Materials by 10.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock worth $99,000 after purchasing an additional 17 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in Martin Marietta Materials by 3.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 448 shares of the construction company’s stock valued at $283,000 after buying an additional 17 shares during the last quarter. Ritholtz Wealth Management increased its position in Martin Marietta Materials by 2.9% in the 3rd quarter. Ritholtz Wealth Management now owns 646 shares of the construction company’s stock worth $407,000 after buying an additional 18 shares during the period. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 1.9% during the second quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company’s stock worth $533,000 after buying an additional 18 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

MLM has been the subject of several recent research reports. B. Riley Financial initiated coverage on Martin Marietta Materials in a report on Thursday, January 15th. They issued a “neutral” rating and a $700.00 price target for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $706.00 price objective on shares of Martin Marietta Materials in a report on Tuesday, February 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $630.00 price objective on shares of Martin Marietta Materials in a report on Thursday, February 26th. JPMorgan Chase & Co. boosted their price target on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Finally, Stifel Nicolaus increased their price objective on Martin Marietta Materials from $637.00 to $681.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $697.13.

Martin Marietta Materials Stock Down 4.1%

NYSE MLM opened at $633.54 on Friday. The stock has a market capitalization of $38.21 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 2.54 and a beta of 1.13. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $710.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.36 and a current ratio of 3.57. The stock has a fifty day moving average of $658.16 and a 200-day moving average of $632.67.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm earned $4.79 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities 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 announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, March 2nd. Martin Marietta Materials’s payout ratio is presently 17.66%.

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.