Insigneo Advisory Services LLC Takes Position in Martin Marietta Materials, Inc. $MLM

Insigneo Advisory Services LLC bought a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 394 shares of the construction company’s stock, valued at approximately $216,000.

A number of other hedge funds have also added to or reduced their stakes in MLM. Fenimore Asset Management Inc boosted its stake in Martin Marietta Materials by 6.0% during the second quarter. Fenimore Asset Management Inc now owns 88,850 shares of the construction company’s stock worth $48,775,000 after acquiring an additional 5,010 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Martin Marietta Materials by 31.6% in the second quarter. TD Waterhouse Canada Inc. now owns 5,365 shares of the construction company’s stock valued at $2,988,000 after purchasing an additional 1,287 shares in the last quarter. Tableaux LLC acquired a new position in shares of Martin Marietta Materials during the second quarter valued at about $5,060,000. Atika Capital Management LLC boosted its position in shares of Martin Marietta Materials by 18.1% during the 1st quarter. Atika Capital Management LLC now owns 55,633 shares of the construction company’s stock worth $26,600,000 after purchasing an additional 8,533 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Martin Marietta Materials by 4.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 20,234 shares of the construction company’s stock valued at $11,108,000 after buying an additional 839 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Price Performance

MLM opened at $622.64 on Thursday. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $665.18. 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 price-to-earnings ratio of 34.53, a P/E/G ratio of 5.57 and a beta of 1.06. The firm’s fifty day moving average price is $618.84 and its two-hundred day moving average price is $591.11.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results 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 net margin of 16.47% and a return on equity of 11.88%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $2.06 billion. 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 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Martin Marietta Materials’s payout ratio is presently 17.50%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Martin Marietta Materials from $637.00 to $681.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. UBS Group upped their target price on Martin Marietta Materials from $705.00 to $723.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Wall Street Zen cut Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $525.00 price target (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Finally, Bank of America raised their price objective on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Two investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $644.38.

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.