True Wealth Design LLC Boosts Stock Position in Martin Marietta Materials, Inc. $MLM

True Wealth Design LLC raised its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 70.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 307 shares of the construction company’s stock after purchasing an additional 127 shares during the period. True Wealth Design LLC’s holdings in Martin Marietta Materials were worth $169,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brown Advisory Inc. boosted its position in Martin Marietta Materials by 23.4% in the 1st quarter. Brown Advisory Inc. now owns 6,592 shares of the construction company’s stock valued at $3,152,000 after buying an additional 1,252 shares during the period. Moloney Securities Asset Management LLC purchased a new stake in Martin Marietta Materials during the 1st quarter worth about $272,000. Nisa Investment Advisors LLC lifted its holdings in Martin Marietta Materials by 5.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,126 shares of the construction company’s stock worth $4,363,000 after buying an additional 435 shares during the last quarter. Xponance Inc. boosted its position in shares of Martin Marietta Materials by 2.2% during the 1st quarter. Xponance Inc. now owns 8,772 shares of the construction company’s stock worth $4,194,000 after acquiring an additional 186 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of Martin Marietta Materials by 1.0% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 5,805 shares of the construction company’s stock valued at $2,775,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 0.3%

Shares of MLM opened at $610.09 on Friday. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $665.18. The company’s fifty day moving average is $621.68 and its two-hundred day moving average is $582.94. The firm has a market cap of $36.79 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 5.57 and a beta of 1.06. 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 issued its earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Martin Marietta Materials has set its FY 2025 guidance at EPS. Analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 2nd. Martin Marietta Materials’s payout ratio is 17.50%.

Analyst Ratings Changes

A number of brokerages have issued reports on MLM. Stifel Nicolaus lifted their target price on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. DA Davidson set a $690.00 target price on Martin Marietta Materials in a research note on Thursday. Royal Bank Of Canada reissued 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 report on Friday, August 8th. Morgan Stanley upped their price objective on Martin Marietta Materials from $576.00 to $605.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company decreased their price objective on Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a research note on Thursday. Two equities 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $632.88.

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.