Perigon Wealth Management LLC Has $1.86 Million Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Perigon Wealth Management LLC lessened its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,497 shares of the construction company’s stock after selling 198 shares during the quarter. Perigon Wealth Management LLC’s holdings in Martin Marietta Materials were worth $1,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Union Bancaire Privee UBP SA acquired a new position in shares of Martin Marietta Materials in the fourth quarter valued at approximately $547,000. Blue Trust Inc. boosted its holdings in shares of Martin Marietta Materials by 15.6% in the fourth quarter. Blue Trust Inc. now owns 747 shares of the construction company’s stock valued at $402,000 after buying an additional 101 shares during the period. High Net Worth Advisory Group LLC bought a new stake in shares of Martin Marietta Materials in the fourth quarter worth $202,000. Stablepoint Partners LLC bought a new stake in shares of Martin Marietta Materials in the fourth quarter worth $472,000. Finally, Clarendon Private LLC bought a new stake in shares of Martin Marietta Materials in the fourth quarter worth $383,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Trading Down 0.3 %

MLM stock opened at $540.51 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The company’s 50-day simple moving average is $548.40 and its 200 day simple moving average is $551.33. Martin Marietta Materials, Inc. has a 52 week low of $490.05 and a 52 week high of $633.23. The company has a market capitalization of $33.04 billion, a PE 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 released its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $6.94 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 17.57 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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

Analyst Upgrades and Downgrades

MLM has been the topic of a number of research reports. Raymond James cut their price objective on shares of Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. 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. Wolfe Research raised shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.