Focus Partners Wealth Has $2.03 Million Position in Martin Marietta Materials, Inc. $MLM

Focus Partners Wealth increased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,236 shares of the construction company’s stock after acquiring an additional 194 shares during the period. Focus Partners Wealth’s holdings in Martin Marietta Materials were worth $2,025,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MLM. Rafferty Asset Management LLC boosted its position in shares of Martin Marietta Materials by 3.8% during the 4th quarter. Rafferty Asset Management LLC now owns 5,311 shares of the construction company’s stock valued at $2,743,000 after acquiring an additional 193 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Martin Marietta Materials by 19.0% during the 4th quarter. Royal Bank of Canada now owns 196,410 shares of the construction company’s stock valued at $101,447,000 after acquiring an additional 31,291 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Martin Marietta Materials by 53.1% during the 4th quarter. Toronto Dominion Bank now owns 34,708 shares of the construction company’s stock valued at $17,926,000 after acquiring an additional 12,040 shares in the last quarter. Teza Capital Management LLC acquired a new stake in shares of Martin Marietta Materials during the 4th quarter valued at about $544,000. Finally, Two Sigma Advisers LP boosted its position in Martin Marietta Materials by 98.1% in the fourth quarter. Two Sigma Advisers LP now owns 113,500 shares of the construction company’s stock valued at $58,623,000 after buying an additional 56,200 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Martin Marietta Materials

In related news, Director Laree E. Perez sold 1,038 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the sale, the director directly owned 15,417 shares of the company’s stock, valued at $9,455,554.44. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.68% of the stock is currently owned by company insiders.

Martin Marietta Materials Trading Down 0.2%

MLM opened at $609.75 on Wednesday. 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 cap of $36.77 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 5.54 and a beta of 0.94. The firm has a 50 day simple moving average of $596.21 and a 200 day simple moving average of $545.02. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results 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). The business had revenue of $1.81 billion for 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $4.76 earnings per share. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Tuesday, September 2nd. Martin Marietta Materials’s payout ratio is presently 18.41%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Stifel Nicolaus boosted their price target on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Royal Bank Of Canada restated a “sector perform” rating and issued a $525.00 price target (up from $515.00) on shares of Martin Marietta Materials in a research report on Friday, August 8th. DA Davidson boosted their price target on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $622.63.

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.