Martin Marietta Materials, Inc. $MLM Holdings Lifted by Atika Capital Management LLC

Atika Capital Management LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 30.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 72,533 shares of the construction company’s stock after buying an additional 16,900 shares during the quarter. Martin Marietta Materials makes up about 4.0% of Atika Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Atika Capital Management LLC owned approximately 0.12% of Martin Marietta Materials worth $39,818,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. NewSquare Capital LLC raised its holdings in shares of 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 acquiring an additional 23 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Martin Marietta Materials in the 1st quarter worth $30,000. Clearstead Trust LLC lifted its position in shares of Martin Marietta Materials by 93.8% in the 2nd quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock worth $34,000 after purchasing an additional 30 shares during the period. Aspect Partners LLC boosted its stake in shares of Martin Marietta Materials by 540.0% during the 2nd quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock valued at $35,000 after purchasing an additional 54 shares in the last quarter. Finally, Tobam purchased a new position in shares of Martin Marietta Materials during the second quarter valued at about $40,000. 95.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Wednesday, October 8th. Wall Street Zen lowered Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. raised their target price on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Wells Fargo & Company reduced their price target on Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Finally, UBS Group raised their price objective on Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Two investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $644.38.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $622.64 on Thursday. The business has a fifty day moving average price of $618.84 and a 200-day moving average price of $591.11. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21. The company has a market capitalization of $37.55 billion, a PE ratio of 34.53, a PEG ratio of 5.57 and a beta of 1.06. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $665.18.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 EPS 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 analysts’ expectations of $2.06 billion. Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is 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.