17 Capital Partners LLC Trims Stock Position in Martin Marietta Materials, Inc. $MLM

17 Capital Partners LLC lessened its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 10.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,013 shares of the construction company’s stock after selling 342 shares during the period. Martin Marietta Materials comprises approximately 1.0% of 17 Capital Partners LLC’s investment portfolio, making the stock its 20th biggest holding. 17 Capital Partners LLC’s holdings in Martin Marietta Materials were worth $1,654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MLM. Parkside Financial Bank & Trust lifted its holdings in shares of Martin Marietta Materials by 10.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock worth $99,000 after buying an additional 17 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Martin Marietta Materials by 1.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,205 shares of the construction company’s stock worth $661,000 after acquiring an additional 21 shares during the period. Fidelis Capital Partners LLC grew its holdings in Martin Marietta Materials by 1.9% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,113 shares of the construction company’s stock worth $666,000 after acquiring an additional 21 shares in the last quarter. CVA Family Office LLC grew its holdings in Martin Marietta Materials by 21.4% during the 2nd quarter. CVA Family Office LLC now owns 125 shares of the construction company’s stock worth $69,000 after acquiring an additional 22 shares in the last quarter. Finally, NewSquare Capital LLC increased its position in Martin Marietta Materials by 62.2% during the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after purchasing an additional 23 shares during the period. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Trading Up 0.7%

NYSE:MLM opened at $597.26 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $619.47 and a 200-day simple moving average of $588.66. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $665.18. The company has a market capitalization of $36.02 billion, a P/E ratio of 33.13, a PEG ratio of 5.57 and a beta of 1.06.

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

Martin Marietta Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is currently 17.50%.

Analyst Upgrades and Downgrades

MLM has been the subject of several research reports. Stephens reaffirmed an “overweight” rating and issued a $700.00 price target on shares of Martin Marietta Materials in a research report on Monday, August 4th. Stifel Nicolaus increased their target price 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. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $525.00 price target (up from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. Wells Fargo & Company decreased their price objective on Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Finally, Barclays lifted their target price on Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and an average target price of $644.38.

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.