First Horizon Advisors Inc. Has $48,000 Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

First Horizon Advisors Inc. lessened its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 69.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92 shares of the construction company’s stock after selling 214 shares during the quarter. First Horizon Advisors Inc.’s holdings in Martin Marietta Materials were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. First Personal Financial Services acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth approximately $33,000. Kestra Investment Management LLC acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $35,000. R Squared Ltd acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $41,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $41,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $483.06 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a twelve month low of $482.14 and a twelve month high of $633.23. The firm’s 50 day moving average price is $527.00 and its two-hundred day moving average price is $546.10. The firm has a market cap of $29.52 billion, a P/E ratio of 14.94, a PEG ratio of 4.45 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.65%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

Analyst Ratings Changes

Several equities research analysts have recently commented on MLM shares. Citigroup lowered their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley reduced their price objective on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a research note on Wednesday, December 11th. Finally, Truist Financial reduced their price objective on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and an average price target of $639.43.

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.