Blair William & Co. IL Sells 38 Shares of Martin Marietta Materials, Inc. $MLM

Blair William & Co. IL trimmed its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 9,682 shares of the construction company’s stock after selling 38 shares during the period. Blair William & Co. IL’s holdings in Martin Marietta Materials were worth $5,315,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. PDS Planning Inc boosted its position in Martin Marietta Materials by 4.9% in the 1st quarter. PDS Planning Inc now owns 452 shares of the construction company’s stock valued at $216,000 after buying an additional 21 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Martin Marietta Materials by 1.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,205 shares of the construction company’s stock valued at $661,000 after buying an additional 21 shares during the last quarter. First American Bank lifted its stake in shares of Martin Marietta Materials by 1.3% in the 1st quarter. First American Bank now owns 1,966 shares of the construction company’s stock valued at $940,000 after purchasing an additional 25 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Martin Marietta Materials by 25.8% in the 2nd quarter. Valley National Advisers Inc. now owns 122 shares of the construction company’s stock valued at $66,000 after purchasing an additional 25 shares during the period. Finally, Trust Investment Advisors lifted its stake in shares of Martin Marietta Materials by 1.4% in the 1st quarter. Trust Investment Advisors now owns 1,843 shares of the construction company’s stock valued at $881,000 after purchasing an additional 26 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MLM has been the topic of a number of analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $525.00 price target (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Raymond James Financial increased their price target on Martin Marietta Materials from $600.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Wednesday, October 8th. Morgan Stanley increased their price target on Martin Marietta Materials from $576.00 to $605.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Stifel Nicolaus increased their price target on Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $621.69.

Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock opened at $632.22 on Monday. The company has a market capitalization of $38.13 billion, a PE ratio of 35.06, a PEG ratio of 5.73 and a beta of 1.01. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $640.00. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $615.86 and its 200 day simple moving average is $563.88.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 EPS for the quarter, missing the consensus estimate of $5.44 by ($0.01). The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.76 EPS. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, research analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.79. Martin Marietta Materials’s dividend payout ratio (DPR) is 18.41%.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the transaction, the director owned 15,417 shares in the company, valued at approximately $9,455,554.44. This represents a 6.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

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.