Banco Bilbao Vizcaya Argentaria S.A. Decreases Holdings in Martin Marietta Materials, Inc. $MLM

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,129 shares of the construction company’s stock after selling 185 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Martin Marietta Materials were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its holdings in Martin Marietta Materials by 10.4% in the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock valued at $99,000 after acquiring an additional 17 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Martin Marietta Materials by 1.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,205 shares of the construction company’s stock valued at $661,000 after purchasing an additional 21 shares during the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of Martin Marietta Materials by 1.9% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,113 shares of the construction company’s stock worth $666,000 after purchasing an additional 21 shares during the period. CVA Family Office LLC boosted its holdings in shares of Martin Marietta Materials by 21.4% in the second quarter. CVA Family Office LLC now owns 125 shares of the construction company’s stock worth $69,000 after buying an additional 22 shares during the last quarter. Finally, NewSquare Capital LLC grew its position in Martin Marietta Materials by 62.2% during the second 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 period. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

MLM has been the subject of a number of recent research reports. Royal Bank Of Canada reissued 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 report on Friday, August 8th. JPMorgan Chase & Co. boosted their price target on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Raymond James Financial raised their price objective on Martin Marietta Materials from $645.00 to $680.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Stifel Nicolaus lifted their price objective on Martin Marietta Materials from $637.00 to $681.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, DA Davidson set a $690.00 target price on shares of Martin Marietta Materials in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $644.38.

Martin Marietta Materials Trading Up 0.6%

Shares of MLM opened at $593.50 on Wednesday. The firm has a market cap of $35.79 billion, a P/E ratio of 32.92, 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 current ratio of 2.35 and a quick ratio of 1.21. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $665.18. The company has a 50 day simple moving average of $619.87 and a two-hundred day simple moving average of $588.60.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate 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. On average, equities analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be given a dividend of $0.83 per share. The ex-dividend date is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 17.50%.

About Martin Marietta Materials

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.