Signet Financial Management LLC Invests $206,000 in Martin Marietta Materials, Inc. $MLM

Signet Financial Management LLC acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 376 shares of the construction company’s stock, valued at approximately $206,000.

Other large investors have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of Martin Marietta Materials during the 1st quarter worth about $29,000. Chilton Capital Management LLC purchased a new position in shares of Martin Marietta Materials during the 1st quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new stake in Martin Marietta Materials during the 1st quarter worth approximately $30,000. IMA Advisory Services Inc. acquired a new stake in Martin Marietta Materials during the 1st quarter worth approximately $40,000. Finally, Valley National Advisers Inc. increased its position in Martin Marietta Materials by 193.9% during the 1st quarter. Valley National Advisers Inc. now owns 97 shares of the construction company’s stock worth $45,000 after purchasing an additional 64 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $607.98 on Friday. The business’s fifty day moving average price is $604.10 and its 200 day moving average price is $551.51. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $633.23. The stock has a market capitalization of $36.67 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 5.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.44 by ($0.01). Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business earned $4.76 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Martin Marietta Materials has set its FY 2025 guidance at EPS. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is 18.41%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MLM. Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Wall Street Zen raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Stephens reissued an “overweight” rating and set a $700.00 target price on shares of Martin Marietta Materials in a research report on Monday, August 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $525.00 target price (up previously from $515.00) on shares of Martin Marietta Materials in a research report on Friday, August 8th. Finally, DA Davidson increased their price objective on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $622.63.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $613.32, for a total value of $636,626.16. Following the sale, the director directly owned 15,417 shares in the company, valued at approximately $9,455,554.44. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

About Martin Marietta Materials

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.