Westwood Holdings Group Inc. Sells 1,591 Shares of Martin Marietta Materials, Inc. $MLM

Westwood Holdings Group Inc. decreased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,731 shares of the construction company’s stock after selling 1,591 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.07% of Martin Marietta Materials worth $21,811,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT purchased a new position in Martin Marietta Materials during the 1st quarter valued at about $30,000. NewSquare Capital LLC increased its holdings in Martin Marietta Materials by 62.2% during the second quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after buying an additional 23 shares during the period. Clearstead Trust LLC increased its holdings in Martin Marietta Materials by 93.8% during the second quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock valued at $34,000 after buying an additional 30 shares during the period. Aspect Partners LLC boosted its position in Martin Marietta Materials by 540.0% during the 2nd quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock valued at $35,000 after acquiring an additional 54 shares in the last quarter. Finally, IMA Advisory Services Inc. purchased a new position in shares of Martin Marietta Materials in the 1st quarter valued at $40,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Down 1.0%

Martin Marietta Materials stock opened at $596.11 on Friday. The business’s 50-day simple moving average is $621.02 and its two-hundred day simple moving average is $587.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.21 and a current ratio of 2.35. The company has a market cap of $35.95 billion, a PE ratio of 33.06, a PEG ratio of 5.57 and a beta of 1.06. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $665.18.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.62 by ($0.65). The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%. Martin Marietta Materials has set its FY 2025 guidance at EPS. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be paid a $0.83 dividend. The ex-dividend date is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is presently 17.50%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MLM. Bank of America upped their price objective on Martin Marietta Materials from $577.00 to $643.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Wells Fargo & Company reduced their target price on shares of Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Stephens reissued an “overweight” rating and set a $700.00 price target on shares of Martin Marietta Materials in a research report on Monday, August 4th. DA Davidson set a $690.00 price objective on shares of Martin Marietta Materials in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $525.00 target price (up from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $644.38.

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.