Chicago Partners Investment Group LLC Increases Stock Holdings in Martin Marietta Materials, Inc. $MLM

Chicago Partners Investment Group LLC increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467 shares of the construction company’s stock after purchasing an additional 43 shares during the period. Chicago Partners Investment Group LLC’s holdings in Martin Marietta Materials were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Huntleigh Advisors Inc. purchased a new stake in shares of Martin Marietta Materials in the second quarter valued at $2,405,000. Turtle Creek Wealth Advisors LLC grew its position in shares of Martin Marietta Materials by 13.5% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 10,230 shares of the construction company’s stock valued at $5,616,000 after purchasing an additional 1,217 shares during the period. Curated Wealth Partners LLC grew its position in shares of Martin Marietta Materials by 6.2% in the second quarter. Curated Wealth Partners LLC now owns 1,395 shares of the construction company’s stock valued at $766,000 after purchasing an additional 82 shares during the period. Cypress Wealth Services LLC purchased a new stake in shares of Martin Marietta Materials in the second quarter valued at $229,000. Finally, Sagespring Wealth Partners LLC grew its position in shares of Martin Marietta Materials by 40.5% in the second quarter. Sagespring Wealth Partners LLC now owns 884 shares of the construction company’s stock valued at $485,000 after purchasing an additional 255 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $621.05 on Friday. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $665.18. The business has a 50-day moving average of $620.38 and a 200-day moving average of $573.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21. The company has a market capitalization of $37.46 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 5.59 and a beta of 1.01.

Martin Marietta Materials (NYSE:MLM) last issued its 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 return on equity of 11.88% and a net margin of 16.47%.The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the company earned $4.76 EPS. Martin Marietta Materials’s quarterly revenue was up 2.7% on a year-over-year basis. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

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

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 stock was sold at an average price of $613.32, for a total value of $636,626.16. Following the completion of the sale, the director owned 15,417 shares of the company’s stock, valued at $9,455,554.44. This represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MLM shares. Wells Fargo & Company raised Martin Marietta Materials to a “hold” rating in a research report on Wednesday, October 8th. Stephens reissued an “overweight” rating and set a $700.00 price target on shares of Martin Marietta Materials in a research report on Monday, August 4th. DA Davidson boosted their price target on Martin Marietta Materials from $625.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Morgan Stanley boosted their price target on Martin Marietta Materials from $576.00 to $605.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Raymond James Financial boosted their price target on Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Martin Marietta Materials has a consensus rating of “Moderate Buy” and an average price target of $628.56.

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.