Martin Marietta Materials, Inc. $MLM Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 43.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,017 shares of the construction company’s stock after selling 1,538 shares during the period. Sterling Capital Management LLC’s holdings in Martin Marietta Materials were worth $1,187,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MLM. Integrated Wealth Concepts LLC boosted its position in shares of Martin Marietta Materials by 6.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock valued at $379,000 after purchasing an additional 49 shares during the period. Empowered Funds LLC raised its holdings in Martin Marietta Materials by 11.4% during the 1st quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock worth $673,000 after buying an additional 144 shares during the period. Sivia Capital Partners LLC raised its holdings in Martin Marietta Materials by 11.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after buying an additional 51 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Martin Marietta Materials by 205.9% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company’s stock valued at $143,000 after buying an additional 175 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in shares of Martin Marietta Materials by 22.6% in the second quarter. Cresset Asset Management LLC now owns 777 shares of the construction company’s stock worth $427,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

NYSE MLM opened at $578.71 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11. The firm has a market capitalization of $34.75 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10. The company has a 50 day simple moving average of $587.40 and a 200-day simple moving average of $617.93. Martin Marietta Materials, Inc. has a 52-week low of $525.38 and a 52-week high of $710.97.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 earnings per share. Equities research analysts predict that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 1st will be paid a dividend of $0.83 per share. The ex-dividend date is Monday, June 1st. This represents a $3.32 annualized dividend and a yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is presently 7.91%.

Trending Headlines about Martin Marietta Materials

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

• Positive Sentiment: The deal expands Martin Marietta’s lime and limestone business and is expected to add about $85 million in run-rate cost synergies, with management saying it should be accretive to earnings and margins after closing. Article Title
• Positive Sentiment: Several analysts still have favorable views on MLM, including recent buy ratings and price targets well above the current share price, suggesting some Wall Street support for the long-term strategy. Article Title
• Neutral Sentiment: Martin Marietta’s stock has been volatile as investors digest the acquisition details, including expected regulatory approvals and the transaction timeline targeting completion in the second half of 2026. Article Title
• Negative Sentiment: The market is focused on the heavy cash outlay, share issuance, and higher leverage, with the company expecting combined net leverage of about 3.7x after closing, which raises dilution and balance-sheet concerns. Article Title

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup dropped their target price on shares of Martin Marietta Materials from $804.00 to $731.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Morgan Stanley reduced their price target on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Oppenheimer started coverage on shares of Martin Marietta Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Royal Bank Of Canada lowered their price objective on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating on the stock in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded Martin Marietta Materials from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $681.94.

About Martin Marietta Materials

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value?added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready?mixed concrete and related materials and services.