Aviso Financial Inc. Grows Stock Holdings in Martin Marietta Materials, Inc. $MLM

Aviso Financial Inc. raised its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 25.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,368 shares of the construction company’s stock after acquiring an additional 879 shares during the period. Aviso Financial Inc.’s holdings in Martin Marietta Materials were worth $2,398,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in shares of 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 purchasing an additional 17 shares during the period. Personal CFO Solutions LLC grew its position in Martin Marietta Materials by 2.5% in the 2nd quarter. Personal CFO Solutions LLC now owns 787 shares of the construction company’s stock valued at $432,000 after buying an additional 19 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Martin Marietta Materials by 1.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,205 shares of the construction company’s stock valued at $661,000 after buying an additional 21 shares during the period. Fidelis Capital Partners LLC increased its stake in 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 valued at $666,000 after buying an additional 21 shares during the period. Finally, CVA Family Office LLC raised its position 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 buying an additional 22 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on MLM. Barclays lifted their target price on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Stephens restated an “overweight” rating and issued a $700.00 price objective on shares of Martin Marietta Materials in a research report on Monday, August 4th. Raymond James Financial boosted their target price on Martin Marietta Materials from $645.00 to $680.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. UBS Group lifted their price target on Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Bank of America boosted their target price 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $644.38.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $604.67 on Tuesday. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $665.18. The stock has a market cap of $36.47 billion, a P/E ratio of 33.54, a PEG ratio of 5.57 and a beta of 1.06. 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 company has a 50-day moving average of $618.41 and a two-hundred day moving average of $590.35.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data 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). Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.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. As a group, research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business 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 of this dividend is Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 0.5%. 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.