Bessemer Group Inc. Purchases 54 Shares of Martin Marietta Materials, Inc. $MLM

Bessemer Group Inc. lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,333 shares of the construction company’s stock after purchasing an additional 54 shares during the period. Bessemer Group Inc.’s holdings in Martin Marietta Materials were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its stake in Martin Marietta Materials by 160.5% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the construction company’s stock worth $47,000 after acquiring an additional 61 shares during the period. Allspring Global Investments Holdings LLC increased its stake in 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 acquiring an additional 40 shares during the period. Amalgamated Bank increased its stake in Martin Marietta Materials by 1.3% during the 1st quarter. Amalgamated Bank now owns 12,204 shares of the construction company’s stock worth $5,835,000 after acquiring an additional 154 shares during the period. Ameritas Advisory Services LLC increased its stake in Martin Marietta Materials by 7.4% during the 1st quarter. Ameritas Advisory Services LLC now owns 682 shares of the construction company’s stock worth $344,000 after acquiring an additional 47 shares during the period. Finally, Valley National Advisers Inc. increased its stake in Martin Marietta Materials by 193.9% during the 1st quarter. Valley National Advisers Inc. now owns 97 shares of the construction company’s stock worth $45,000 after acquiring an additional 64 shares during the period. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Trading Down 0.1%

Shares of MLM opened at $616.34 on Thursday. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $665.18. The business’s fifty day moving average is $621.19 and its 200-day moving average is $577.70. 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 firm has a market cap of $37.17 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 5.57 and a beta of 1.01.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results 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 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 the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business posted $4.76 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Martin Marietta Materials has set its FY 2025 guidance at EPS. Equities analysts anticipate 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 issued a dividend of $0.83 per share. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is 18.41%.

Insider Buying and Selling at Martin Marietta Materials

In related news, Director Laree E. Perez sold 1,038 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the sale, the director owned 15,417 shares of the company’s stock, valued at $9,455,554.44. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MLM. Barclays raised their price objective on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $525.00 price objective (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Wells Fargo & Company upgraded Martin Marietta Materials to a “hold” rating in a research note on Wednesday, October 8th. Finally, 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. Two equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $628.56.

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.