Martin Marietta Materials, Inc. $MLM Stake Lowered by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 43.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,017 shares of the construction company’s stock after selling 1,538 shares during the quarter. Sterling Capital Management LLC’s holdings in Martin Marietta Materials were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Martin Marietta Materials by 51.8% during the 4th quarter. Victory Capital Management Inc. now owns 2,448,928 shares of the construction company’s stock worth $1,524,853,000 after buying an additional 836,120 shares during the last quarter. Norges Bank bought a new stake in Martin Marietta Materials in the fourth quarter valued at $354,681,000. Bank of America Corp DE boosted its holdings in shares of Martin Marietta Materials by 31.9% during the second quarter. Bank of America Corp DE now owns 2,340,677 shares of the construction company’s stock valued at $1,284,938,000 after acquiring an additional 565,856 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Martin Marietta Materials by 241.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 303,031 shares of the construction company’s stock valued at $188,686,000 after acquiring an additional 214,270 shares during the period. Finally, Interval Partners LP bought a new position in shares of Martin Marietta Materials during the fourth quarter worth about $128,996,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 6.1%

MLM stock opened at $578.71 on Tuesday. Martin Marietta Materials, Inc. has a 52 week low of $525.38 and a 52 week high of $710.97. The company has a market capitalization of $34.75 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10. The firm’s 50-day moving average is $587.40 and its two-hundred day moving average is $617.93. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm posted $1.90 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. On average, analysts forecast that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 7.91%.

Martin Marietta Materials News Roundup

Here are the key news stories impacting Martin Marietta Materials this week:

• Positive Sentiment: The deal expands Martin Marietta’s lime and limestone business and is expected to add about $85 million in run-rate cost synergies, with management saying it should be accretive to earnings and margins after closing. Article Title
• Positive Sentiment: Several analysts still have favorable views on MLM, including recent buy ratings and price targets well above the current share price, suggesting some Wall Street support for the long-term strategy. Article Title
• Neutral Sentiment: Martin Marietta’s stock has been volatile as investors digest the acquisition details, including expected regulatory approvals and the transaction timeline targeting completion in the second half of 2026. Article Title
• Negative Sentiment: The market is focused on the heavy cash outlay, share issuance, and higher leverage, with the company expecting combined net leverage of about 3.7x after closing, which raises dilution and balance-sheet concerns. Article Title

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Martin Marietta Materials from $710.00 to $730.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Citigroup decreased their target price on shares of Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Raymond James Financial restated an “outperform” rating on shares of Martin Marietta Materials in a research note on Monday. Zacks Research raised Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, B. Riley Financial raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price objective for the company in a report on Thursday, April 2nd. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $681.94.

About Martin Marietta Materials

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.