SeaCrest Wealth Management LLC Has $382,000 Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

SeaCrest Wealth Management LLC decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 622 shares of the construction company’s stock after selling 140 shares during the period. SeaCrest Wealth Management LLC’s holdings in Martin Marietta Materials were worth $382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MLM. Schear Investment Advisers LLC boosted its stake in shares of Martin Marietta Materials by 1.2% in the 4th quarter. Schear Investment Advisers LLC now owns 1,647 shares of the construction company’s stock valued at $822,000 after purchasing an additional 20 shares during the last quarter. Parallel Advisors LLC boosted its stake in Martin Marietta Materials by 1.8% in the fourth quarter. Parallel Advisors LLC now owns 1,170 shares of the construction company’s stock valued at $584,000 after acquiring an additional 21 shares during the last quarter. Independence Bank of Kentucky boosted its stake in Martin Marietta Materials by 16.9% in the fourth quarter. Independence Bank of Kentucky now owns 152 shares of the construction company’s stock valued at $76,000 after acquiring an additional 22 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Martin Marietta Materials by 5.0% during the 4th quarter. Global Retirement Partners LLC now owns 460 shares of the construction company’s stock worth $228,000 after acquiring an additional 22 shares during the period. Finally, Spreng Capital Management Inc. raised its position in shares of Martin Marietta Materials by 3.1% during the 4th quarter. Spreng Capital Management Inc. now owns 775 shares of the construction company’s stock valued at $387,000 after acquiring an additional 23 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 0.3 %

MLM opened at $533.27 on Thursday. The stock has a market capitalization of $32.87 billion, a P/E ratio of 15.80, a P/E/G ratio of 2.37 and a beta of 0.91. The company has a current ratio of 3.16, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. Martin Marietta Materials, Inc. has a 12 month low of $389.90 and a 12 month high of $626.67. The firm’s fifty day simple moving average is $570.77 and its 200 day simple moving average is $557.62.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.05. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.31 billion. Martin Marietta Materials had a return on equity of 14.74% and a net margin of 31.35%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 earnings per share. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 23.1 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 3rd were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, June 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 8.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MLM shares. Truist Financial lifted their price objective on Martin Marietta Materials from $610.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. restated a “neutral” rating and set a $600.00 target price (up from $530.00) on shares of Martin Marietta Materials in a research report on Friday, March 22nd. Loop Capital cut their price target on shares of Martin Marietta Materials from $710.00 to $630.00 and set a “buy” rating on the stock in a research report on Wednesday. Stifel Nicolaus lowered their target price on shares of Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wolfe Research lowered shares of Martin Marietta Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $610.25.

Martin Marietta Materials 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.