U.S. Capital Wealth Advisors LLC Takes Position in Martin Marietta Materials, Inc. $MLM

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,245 shares of the construction company’s stock, valued at approximately $683,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Martin Marietta Materials by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company’s stock valued at $3,510,602,000 after acquiring an additional 168,175 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Martin Marietta Materials by 10.1% during 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 acquiring an additional 268,928 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Martin Marietta Materials by 6.6% during the first quarter. Principal Financial Group Inc. now owns 1,940,423 shares of the construction company’s stock valued at $927,775,000 after acquiring an additional 120,679 shares during the period. Amundi boosted its holdings in shares of Martin Marietta Materials by 9.2% during the first quarter. Amundi now owns 1,706,416 shares of the construction company’s stock valued at $827,345,000 after acquiring an additional 144,270 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Martin Marietta Materials by 58,570.5% in the first quarter. GAMMA Investing LLC now owns 697,592 shares of the construction company’s stock worth $333,540,000 after purchasing an additional 696,403 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Buying and Selling at Martin Marietta Materials

In related news, Director Laree E. Perez sold 1,038 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the sale, the director directly owned 15,417 shares in the company, valued at $9,455,554.44. This represents a 6.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by corporate insiders.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $607.98 on Friday. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $633.23. The firm has a fifty day simple moving average of $604.10 and a 200 day simple moving average of $551.51. 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 stock has a market capitalization of $36.67 billion, a PE ratio of 33.72, a P/E/G ratio of 5.50 and a beta of 0.94.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.01). Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company posted $4.76 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. The ex-dividend date is 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 is currently 18.41%.

Analyst Ratings Changes

Several analysts have issued reports on MLM shares. Wall Street Zen upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Stifel Nicolaus boosted their price target on Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Raymond James Financial upped their target price on Martin Marietta Materials from $600.00 to $645.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Stephens reaffirmed an “overweight” rating and set a $700.00 target price on shares of Martin Marietta Materials in a research report on Monday, August 4th. Finally, Morgan Stanley upped their price target on Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $622.63.

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.