16,864 Shares in Martin Marietta Materials, Inc. $MLM Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in Martin Marietta Materials, Inc. (NYSE:MLM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,864 shares of the construction company’s stock, valued at approximately $8,092,000.

Several other hedge funds have also recently made changes to their positions in MLM. ProShare Advisors LLC grew its position in Martin Marietta Materials by 2.2% in the 3rd quarter. ProShare Advisors LLC now owns 11,515 shares of the construction company’s stock worth $5,525,000 after purchasing an additional 249 shares during the period. Moss Adams Wealth Advisors LLC purchased a new stake in Martin Marietta Materials during the 3rd quarter valued at $296,000. State of Wyoming raised its stake in Martin Marietta Materials by 31.3% during the 3rd quarter. State of Wyoming now owns 2,317 shares of the construction company’s stock valued at $1,112,000 after buying an additional 552 shares during the last quarter. North Dakota State Investment Board lifted its holdings in shares of Martin Marietta Materials by 2.6% during the 3rd quarter. North Dakota State Investment Board now owns 1,829 shares of the construction company’s stock valued at $878,000 after buying an additional 46 shares during the period. Finally, WestEnd Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 1,900.0% during the 3rd quarter. WestEnd Advisors LLC now owns 60 shares of the construction company’s stock valued at $29,000 after buying an additional 57 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Up 2.4%

Shares of MLM stock opened at $556.66 on Thursday. Martin Marietta Materials, Inc. has a 12 month low of $464.92 and a 12 month high of $710.97. The stock has a market cap of $33.44 billion, a P/E ratio of 13.68, a P/E/G ratio of 2.82 and a beta of 1.02. The company has a current ratio of 1.41, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $503.35 and a two-hundred day simple moving average of $574.61.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, November 4th. The construction company reported $5.47 earnings per share for the quarter, missing the consensus estimate of $5.99 by ($0.52). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.24 billion. Martin Marietta Materials had a return on equity of 9.49% and a net margin of 36.73%. The firm’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.85 earnings per share. On average, research analysts expect that Martin Marietta Materials, Inc. will post 16.29 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st were given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 0.6%. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, September 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 8.26%.

Key Martin Marietta Materials News

Here are the key news stories impacting Martin Marietta Materials this week:

• Positive Sentiment: Third-quarter revenue reached a record $2.37 billion, up 28.3% year over year and above analyst estimates. Acquisitions helped drive record aggregates volumes and growth in Specialties; the company also reported record EBITDA. Martin Marietta Q3 results and guidance
• Positive Sentiment: Management raised its 2026 revenue outlook, indicating confidence in continued growth, with acquisitions contributing to results. Zacks on Q3 results and outlook
• Negative Sentiment: EPS was $5.47, down from $6.85 a year earlier. It missed some published analyst consensus estimates, although it topped the lower estimate cited by Zacks, making the earnings comparison mixed. Inflationary pressures and debt associated with the Lhoist acquisition were cited as profitability headwinds. Q3 earnings analysis

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MLM shares. Citigroup dropped their price target on Martin Marietta Materials from $690.00 to $610.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Wall Street Zen cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Tuesday, July 28th. BNP Paribas Exane lowered their target price on Martin Marietta Materials from $590.00 to $565.00 and set a “neutral” rating on the stock in a report on Wednesday, September 16th. Jefferies Financial Group dropped their target price on Martin Marietta Materials from $720.00 to $670.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Finally, DA Davidson raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $610.00 target price on the stock in a research report on Friday, October 16th. Fifteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and an average target price of $642.05.

About Martin Marietta Materials

Martin Marietta Materials, Inc is a supplier of construction materials serving the infrastructure, commercial, residential and industrial markets. The company’s primary business is aggregates, including crushed stone, sand and gravel used in roads, bridges, buildings and other construction projects.

Martin Marietta also produces cement, ready-mixed concrete and asphalt products, and provides paving and related construction services in selected markets. Through its Magnesia Specialties business, the company manufactures magnesium-based and dolomitic lime products used in industrial, environmental and agricultural applications.

Headquartered in Raleigh, North Carolina, Martin Marietta Materials became an independent publicly traded company in 1993 following a spin-off from Martin Marietta Corporation.