Yousif Capital Management LLC Sells 131 Shares of Martin Marietta Materials, Inc. $MLM

Yousif Capital Management LLC lowered its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,235 shares of the construction company’s stock after selling 131 shares during the period. Yousif Capital Management LLC’s holdings in Martin Marietta Materials were worth $3,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in Martin Marietta Materials by 65.5% in the first quarter. Mather Group LLC. now owns 278 shares of the construction company’s stock worth $133,000 after acquiring an additional 110 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Martin Marietta Materials by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,007 shares of the construction company’s stock worth $1,457,000 after acquiring an additional 40 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Martin Marietta Materials by 30.5% in the first quarter. Vontobel Holding Ltd. now owns 933 shares of the construction company’s stock worth $446,000 after acquiring an additional 218 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Martin Marietta Materials by 41.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,159 shares of the construction company’s stock worth $2,467,000 after acquiring an additional 1,505 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Martin Marietta Materials by 23.0% in the first quarter. Exchange Traded Concepts LLC now owns 454 shares of the construction company’s stock worth $217,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MLM shares. Bank of America increased their price target on Martin Marietta Materials from $577.00 to $643.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Wednesday, October 8th. Stifel Nicolaus raised their target price on Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Royal Bank Of Canada restated a “sector perform” rating and issued a $525.00 target price (up previously from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. Finally, Wells Fargo & Company upgraded Martin Marietta Materials to a “hold” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $621.69.

Insider Buying and Selling

In related news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials 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 sale, the director directly owned 15,417 shares in the company, valued at approximately $9,455,554.44. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.69% of the company’s stock.

Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock opened at $640.31 on Thursday. The business’s fifty day simple moving average is $618.39 and its 200 day simple moving average is $566.17. The firm has a market capitalization of $38.62 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 5.95 and a beta of 1.01. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $665.18. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 EPS for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.01). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.88 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.76 earnings per share. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date was Tuesday, September 2nd. Martin Marietta Materials’s dividend payout ratio is 18.41%.

Martin Marietta Materials 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.