Centiva Capital LP Has $2.91 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Centiva Capital LP lowered its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 28.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,402 shares of the construction company’s stock after selling 2,104 shares during the quarter. Centiva Capital LP’s holdings in Martin Marietta Materials were worth $2,908,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MLM. Ameritas Advisory Services LLC boosted its holdings in Martin Marietta Materials by 2.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 664 shares of the construction company’s stock worth $360,000 after acquiring an additional 18 shares during the last quarter. Inspire Investing LLC boosted its holdings in Martin Marietta Materials by 0.9% during the 3rd quarter. Inspire Investing LLC now owns 2,126 shares of the construction company’s stock worth $1,144,000 after acquiring an additional 19 shares during the last quarter. Mather Group LLC. boosted its holdings in Martin Marietta Materials by 13.6% during the 2nd quarter. Mather Group LLC. now owns 167 shares of the construction company’s stock worth $90,000 after acquiring an additional 20 shares during the last quarter. TFG Advisers LLC boosted its holdings in Martin Marietta Materials by 3.7% during the 2nd quarter. TFG Advisers LLC now owns 555 shares of the construction company’s stock worth $300,000 after acquiring an additional 20 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co boosted its holdings in Martin Marietta Materials by 3.0% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 680 shares of the construction company’s stock worth $368,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

MLM has been the topic of a number of analyst reports. UBS Group initiated coverage on shares of Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 price objective on the stock. StockNews.com raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Monday. 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 report on Thursday, October 31st. Citigroup cut their price target on shares of Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, BNP Paribas raised shares of Martin Marietta Materials to a “strong-buy” rating in a report on Thursday, September 19th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $644.46.

Martin Marietta Materials Trading Down 1.1 %

Shares of Martin Marietta Materials stock opened at $593.22 on Tuesday. Martin Marietta Materials, Inc. has a 52-week low of $456.83 and a 52-week high of $633.23. The stock’s 50-day simple moving average is $572.14 and its 200 day simple moving average is $555.91. The stock has a market capitalization of $36.26 billion, a P/E ratio of 18.49, a P/E/G ratio of 4.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data 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 firm 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 firm posted $6.94 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 17.58 EPS for the current year.

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio is presently 9.85%.

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.