905 Shares in Martin Marietta Materials, Inc. $MLM Bought by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp purchased a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 905 shares of the construction company’s stock, valued at approximately $497,000.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in Martin Marietta Materials in the 1st quarter valued at $30,000. NewSquare Capital LLC boosted its holdings in shares of Martin Marietta Materials by 62.2% in the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after buying an additional 23 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Martin Marietta Materials during the 1st quarter worth approximately $40,000. Salomon & Ludwin LLC lifted its holdings in Martin Marietta Materials by 156.7% during the 2nd quarter. Salomon & Ludwin LLC now owns 77 shares of the construction company’s stock worth $43,000 after purchasing an additional 47 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in Martin Marietta Materials during the second quarter worth approximately $55,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Stephens reiterated an “overweight” rating and set a $700.00 price target on shares of Martin Marietta Materials in a report on Monday, August 4th. Bank of America lifted their target price on Martin Marietta Materials from $577.00 to $643.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. UBS Group lifted their price objective on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley upped their price objective on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Barclays lifted their price objective on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and an average target price of $632.88.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $610.09 on Friday. The firm has a market cap of $36.79 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 5.57 and a beta of 1.06. 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 business has a 50-day simple moving average of $621.68 and a two-hundred day simple moving average of $583.58. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $665.18.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing the consensus estimate of $6.62 by ($0.65). Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, September 2nd. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.79. Martin Marietta Materials’s dividend payout ratio is presently 17.50%.

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.