Martin Marietta Materials, Inc. $MLM Shares Purchased by Cwm LLC

Cwm LLC lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,730 shares of the construction company’s stock after purchasing an additional 578 shares during the period. Cwm LLC’s holdings in Martin Marietta Materials were worth $2,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MLM. GAMMA Investing LLC lifted its stake in shares of Martin Marietta Materials by 22.7% in the 1st quarter. GAMMA Investing LLC now owns 1,459 shares of the construction company’s stock valued at $698,000 after purchasing an additional 270 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Martin Marietta Materials by 41.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,159 shares of the construction company’s stock valued at $2,467,000 after purchasing an additional 1,505 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Martin Marietta Materials by 23.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 454 shares of the construction company’s stock valued at $217,000 after purchasing an additional 85 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Martin Marietta Materials by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,154 shares of the construction company’s stock valued at $3,420,000 after purchasing an additional 185 shares during the period. Finally, GAM Holding AG acquired a new position in shares of Martin Marietta Materials in the 1st quarter valued at $706,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $613.32, for a total value of $636,626.16. Following the transaction, the director owned 15,417 shares of the company’s stock, valued at $9,455,554.44. This represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.68% of the company’s stock.

Martin Marietta Materials Price Performance

Martin Marietta Materials stock opened at $625.84 on Monday. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $665.18. The firm has a market capitalization of $37.74 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 5.67 and a beta of 1.01. The company has a fifty day simple moving average of $619.15 and a 200-day simple moving average of $569.26. 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 (NYSE:MLM) last announced its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share for the quarter, missing the consensus estimate of $5.44 by ($0.01). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.76 EPS. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. Martin Marietta Materials’s dividend payout ratio is presently 18.41%.

Analyst Ratings Changes

MLM has been the subject of several analyst reports. Stephens reiterated an “overweight” rating and issued a $700.00 target price on shares of Martin Marietta Materials in a research note on Monday, August 4th. Stifel Nicolaus boosted their price target on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Bank of America boosted their price target on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $621.69.

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.