Amica Mutual Insurance Co. Sells 4,972 Shares of Martin Marietta Materials, Inc. $MLM

Amica Mutual Insurance Co. decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 46.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,837 shares of the construction company’s stock after selling 4,972 shares during the period. Amica Mutual Insurance Co.’s holdings in Martin Marietta Materials were worth $3,204,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Martin Marietta Materials by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company’s stock worth $3,510,602,000 after purchasing an additional 168,175 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Martin Marietta Materials by 10.1% in the first quarter. JPMorgan Chase & Co. now owns 2,944,694 shares of the construction company’s stock valued at $1,407,947,000 after purchasing an additional 268,928 shares during the last quarter. Amundi lifted its stake in Martin Marietta Materials by 9.2% in the first quarter. Amundi now owns 1,706,416 shares of the construction company’s stock valued at $827,345,000 after buying an additional 144,270 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in Martin Marietta Materials by 39.2% during the first quarter. Diamond Hill Capital Management Inc. now owns 659,363 shares of the construction company’s stock worth $315,261,000 after buying an additional 185,731 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Martin Marietta Materials by 2.5% during the 1st quarter. Northern Trust Corp now owns 633,472 shares of the construction company’s stock worth $302,882,000 after buying an additional 15,678 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

MLM opened at $610.09 on Friday. The business’s 50-day moving average price is $621.68 and its two-hundred day moving average price is $583.58. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $665.18. The company has a market capitalization of $36.79 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 5.57 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21.

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

Martin Marietta Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. 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%. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.79. Martin Marietta Materials’s dividend payout ratio (DPR) is 17.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MLM shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Wednesday, October 8th. UBS Group upped their target price 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. Wall Street Zen lowered shares of Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a report on Saturday. Bank of America lifted their price target on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, 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 report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $632.88.

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.