Martin Marietta Materials, Inc. $MLM Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 88.4% during the second quarter, Holdings Channel.com reports. The firm owned 472 shares of the construction company’s stock after selling 3,600 shares during the period. Jefferies Financial Group Inc.’s holdings in Martin Marietta Materials were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Avantax Advisory Services Inc. lifted its stake in shares of Martin Marietta Materials by 14.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,505 shares of the construction company’s stock worth $720,000 after acquiring an additional 186 shares during the period. Cetera Investment Advisers increased its stake in shares of Martin Marietta Materials by 27.7% during the first quarter. Cetera Investment Advisers now owns 11,854 shares of the construction company’s stock valued at $5,668,000 after acquiring an additional 2,572 shares during the period. LPL Financial LLC raised its holdings in Martin Marietta Materials by 7.6% during the first quarter. LPL Financial LLC now owns 41,534 shares of the construction company’s stock worth $19,858,000 after purchasing an additional 2,932 shares in the last quarter. Mackenzie Financial Corp lifted its position in Martin Marietta Materials by 4.3% in the first quarter. Mackenzie Financial Corp now owns 8,504 shares of the construction company’s stock worth $4,066,000 after purchasing an additional 354 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Martin Marietta Materials in the first quarter worth approximately $931,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Trading Up 0.1%

NYSE:MLM opened at $623.24 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.35 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $665.18. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 5.57 and a beta of 1.06. The stock has a fifty day simple moving average of $618.96 and a 200 day simple moving average of $591.81.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.06 billion. Martin Marietta Materials has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

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 $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Martin Marietta Materials’s dividend payout ratio is 17.50%.

Analyst Ratings Changes

MLM has been the topic of several research analyst reports. Wells Fargo & Company lowered 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 report on Thursday, November 6th. Stephens reaffirmed an “overweight” rating and set a $700.00 target price on shares of Martin Marietta Materials in a research note on Monday, August 4th. Barclays lifted their target price on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a research report on Wednesday, October 8th. Finally, UBS Group boosted their target price on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the stock a “buy” rating in a report on Friday, November 7th. 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 stock. According to data from MarketBeat, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average target price of $644.38.

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.