Martin Marietta Materials, Inc. $MLM Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc trimmed its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 780 shares of the construction company’s stock after selling 38 shares during the period. Marks Group Wealth Management Inc’s holdings in Martin Marietta Materials were worth $428,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Martin Marietta Materials

In other news, Director Laree E. Perez sold 1,038 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $613.32, for a total value of $636,626.16. Following the sale, the director owned 15,417 shares in the company, valued at approximately $9,455,554.44. This represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

MLM has been the topic of several research reports. DA Davidson raised their price target on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the company a “buy” rating in a report on Monday, August 11th. Raymond James Financial raised their target price on shares of Martin Marietta Materials from $600.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley increased their price target on Martin Marietta Materials from $576.00 to $605.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Stifel Nicolaus boosted their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $622.63.

Martin Marietta Materials Trading Up 0.5%

NYSE:MLM opened at $637.74 on Tuesday. The stock has a market cap of $38.46 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 5.75 and a beta of 1.01. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $638.26. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.21 and a current ratio of 2.35. The business’s 50-day simple moving average is $611.41 and its 200 day simple moving average is $559.80.

Martin Marietta Materials (NYSE:MLM) last posted 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 business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $4.76 earnings per share. Martin Marietta Materials’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. As a group, sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

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

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.