Premier Path Wealth Partners LLC Has $481,000 Stake in Martin Marietta Materials, Inc. $MLM

Premier Path Wealth Partners LLC lifted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 876 shares of the construction company’s stock after buying an additional 37 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Martin Marietta Materials were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MLM. Allspring Global Investments Holdings LLC grew its position in shares of Martin Marietta Materials by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,007 shares of the construction company’s stock worth $1,457,000 after buying an additional 40 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Martin Marietta Materials by 7.4% in the 1st quarter. Ameritas Advisory Services LLC now owns 682 shares of the construction company’s stock worth $344,000 after purchasing an additional 47 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Martin Marietta Materials by 65.5% in the 1st quarter. Mather Group LLC. now owns 278 shares of the construction company’s stock worth $133,000 after purchasing an additional 110 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Martin Marietta Materials by 30.5% in the 1st quarter. Vontobel Holding Ltd. now owns 933 shares of the construction company’s stock worth $446,000 after purchasing an additional 218 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Martin Marietta Materials by 2.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,903 shares of the construction company’s stock worth $3,301,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MLM. Stifel Nicolaus increased their target price on Martin Marietta Materials from $609.00 to $637.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Raymond James Financial lifted their price target on Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Wells Fargo & Company upgraded Martin Marietta Materials to a “hold” rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Stephens reiterated an “overweight” rating and set a $700.00 price target on shares of Martin Marietta Materials in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus target price of $628.56.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $613.06 on Friday. The stock has a market cap of $36.97 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 5.57 and a beta of 1.01. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $665.18. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $621.44 and its two-hundred day simple moving average is $577.95.

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

Martin Marietta Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were paid a $0.83 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis 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 presently 18.41%.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the transaction, the director owned 15,417 shares of the company’s stock, valued at $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 is available through this link. Corporate insiders own 0.69% of the company’s stock.

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.