Mutual of America Capital Management LLC Sells 194 Shares of Martin Marietta Materials, Inc. $MLM

Mutual of America Capital Management LLC decreased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 2.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,913 shares of the construction company’s stock after selling 194 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Martin Marietta Materials were worth $3,795,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Martin Marietta Materials in the 1st quarter valued at about $29,000. Chilton Capital Management LLC purchased a new stake in Martin Marietta Materials in the 1st quarter valued at about $30,000. Zions Bancorporation National Association UT purchased a new stake in Martin Marietta Materials in the 1st quarter valued at about $30,000. IMA Advisory Services Inc. purchased a new stake in Martin Marietta Materials in the 1st quarter valued at about $40,000. Finally, Valley National Advisers Inc. increased its stake in 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 buying an additional 64 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Insiders Place Their Bets

In related 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 value of $636,626.16. Following the completion of the transaction, the director directly owned 15,417 shares in the company, 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 is accessible through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MLM shares. Wells Fargo & Company upgraded shares of Martin Marietta Materials to a “hold” rating in a research note on Wednesday, October 8th. Raymond James Financial increased their price objective on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays increased their price objective on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $525.00 price objective (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Finally, DA Davidson raised 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 note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $628.56.

Martin Marietta Materials Stock Down 0.5%

Martin Marietta Materials stock opened at $619.49 on Friday. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $665.18. The firm has a market capitalization of $37.36 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 5.62 and a beta of 1.01. 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 firm has a 50 day simple moving average of $620.15 and a 200 day simple moving average of $572.25.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm posted $4.76 earnings per share. The firm’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, analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The firm 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 a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 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.