Martin Marietta Materials, Inc. $MLM Shares Bought by Valley National Advisers Inc.

Valley National Advisers Inc. boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 25.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122 shares of the construction company’s stock after purchasing an additional 25 shares during the quarter. Valley National Advisers Inc.’s holdings in Martin Marietta Materials were worth $66,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of Martin Marietta Materials during the 1st quarter valued at approximately $29,000. Zions Bancorporation National Association UT acquired a new position in Martin Marietta Materials during the first quarter worth $30,000. Chilton Capital Management LLC purchased a new position in Martin Marietta Materials during the first quarter valued at $30,000. IMA Advisory Services Inc. acquired a new stake in shares of Martin Marietta Materials in the first quarter valued at about $40,000. Finally, Golden State Wealth Management LLC grew its position in shares of Martin Marietta Materials by 160.5% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the construction company’s stock valued at $47,000 after purchasing an additional 61 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Martin Marietta Materials

In other news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $613.32, for a total transaction of $636,626.16. Following the sale, the director owned 15,417 shares of the company’s stock, valued at approximately $9,455,554.44. The trade was a 6.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MLM. DA Davidson upped their price target on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Saturday, September 27th. Stifel Nicolaus lifted their price target on Martin Marietta Materials from $609.00 to $637.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $525.00 price target (up from $515.00) on shares of Martin Marietta Materials in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $622.63.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $637.74 on Tuesday. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $638.26. The firm has a market capitalization of $38.46 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 5.75 and a beta of 1.01. The stock’s fifty day moving average is $611.41 and its two-hundred day moving average is $559.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.21 and a current ratio of 2.35.

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

Martin Marietta Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.83 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.79. Martin Marietta Materials’s payout ratio is 18.41%.

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.