Inspire Investing LLC Sells 1,590 Shares of Martin Marietta Materials, Inc. $MLM

Inspire Investing LLC cut its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 71.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 651 shares of the construction company’s stock after selling 1,590 shares during the period. Inspire Investing LLC’s holdings in Martin Marietta Materials were worth $311,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MLM. Sunbeam Capital Management LLC purchased a new stake in shares of Martin Marietta Materials in the fourth quarter valued at $235,000. Waverly Advisors LLC raised its position in shares of Martin Marietta Materials by 78.9% in the 4th quarter. Waverly Advisors LLC now owns 1,041 shares of the construction company’s stock valued at $538,000 after purchasing an additional 459 shares during the last quarter. Mather Group LLC. raised its position 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 valued at $133,000 after purchasing an additional 110 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Martin Marietta Materials by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,007 shares of the construction company’s stock valued at $1,457,000 after purchasing an additional 40 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position 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 valued at $446,000 after purchasing an additional 218 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $613.32, for a total value of $636,626.16. Following the sale, the director owned 15,417 shares in the company, valued at $9,455,554.44. This represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.69% of the company’s stock.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $621.45 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.35 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The firm has a market cap of $37.48 billion, a P/E ratio of 34.47, a PEG ratio of 5.53 and a beta of 0.94. The business’s 50-day moving average price is $598.20 and its 200 day moving average price is $546.52.

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). Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business earned $4.76 earnings per share. The firm’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. As a group, sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be issued a $0.83 dividend. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, September 2nd. Martin Marietta Materials’s dividend payout ratio is currently 18.41%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MLM shares. Stephens reissued an “overweight” rating and issued a $700.00 price target on shares of Martin Marietta Materials in a research note on Monday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $525.00 price target (up from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Stifel Nicolaus upped their price target on Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Morgan Stanley raised their target price on Martin Marietta Materials from $576.00 to $605.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Wall Street Zen raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Martin Marietta Materials has an average rating of “Moderate Buy” and an average target price of $622.63.

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.