First Citizens Bank & Trust Co. Has $559,000 Stock Holdings in Martin Marietta Materials, Inc. $MLM

First Citizens Bank & Trust Co. decreased its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,019 shares of the construction company’s stock after selling 30 shares during the period. First Citizens Bank & Trust Co.’s holdings in Martin Marietta Materials were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MLM. American Century Companies Inc. increased its stake in shares of Martin Marietta Materials by 1,880.3% in the first quarter. American Century Companies Inc. now owns 369,382 shares of the construction company’s stock valued at $176,613,000 after buying an additional 350,729 shares during the period. JPMorgan Chase & Co. grew its stake in Martin Marietta Materials by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 2,944,694 shares of the construction company’s stock worth $1,407,947,000 after purchasing an additional 268,928 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Martin Marietta Materials by 39.2% during the first quarter. Diamond Hill Capital Management Inc. now owns 659,363 shares of the construction company’s stock worth $315,261,000 after purchasing an additional 185,731 shares during the period. Vanguard Group Inc. grew its stake in Martin Marietta Materials by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company’s stock worth $3,510,602,000 after purchasing an additional 168,175 shares during the period. Finally, Nuveen LLC acquired a new stake in Martin Marietta Materials during the first quarter worth approximately $73,020,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Buying and Selling at Martin Marietta Materials

In other news, Director Laree E. Perez sold 1,038 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was 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 in the company, valued at $9,455,554.44. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Martin Marietta Materials Trading Up 0.3%

Shares of Martin Marietta Materials stock opened at $621.05 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.21 and a current ratio of 2.35. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $665.18. The stock has a 50 day moving average price of $620.38 and a two-hundred day moving average price of $574.26. The stock has a market capitalization of $37.46 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 5.61 and a beta of 1.01.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 EPS for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.01). Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business posted $4.76 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were issued a $0.83 dividend. This is a boost 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 dividend payout ratio is 18.41%.

Analyst Ratings Changes

Several research firms recently commented on MLM. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $525.00 target price (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. DA Davidson raised their target price on Martin Marietta Materials from $625.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. 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. Raymond James Financial raised their target price on Martin Marietta Materials from $645.00 to $680.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Finally, Morgan Stanley raised their target price on Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Martin Marietta Materials presently has an average rating of “Moderate Buy” and an average target price of $628.56.

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.