1,362 Shares in Martin Marietta Materials, Inc. $MLM Purchased by United Services Automobile Association

United Services Automobile Association purchased a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,362 shares of the construction company’s stock, valued at approximately $651,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MLM. GAMMA Investing LLC lifted its position in Martin Marietta Materials by 58,570.5% during the 1st quarter. GAMMA Investing LLC now owns 697,592 shares of the construction company’s stock worth $333,540,000 after buying an additional 696,403 shares in the last quarter. American Century Companies Inc. lifted its position in Martin Marietta Materials by 1,880.3% during the 1st quarter. American Century Companies Inc. now owns 369,382 shares of the construction company’s stock worth $176,613,000 after buying an additional 350,729 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Martin Marietta Materials by 10.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,944,694 shares of the construction company’s stock worth $1,407,947,000 after buying an additional 268,928 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in Martin Marietta Materials by 39.2% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 659,363 shares of the construction company’s stock valued at $315,261,000 after purchasing an additional 185,731 shares during the period. Finally, Vanguard Group Inc. lifted its position in Martin Marietta Materials by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company’s stock valued at $3,510,602,000 after purchasing an additional 168,175 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

Shares of MLM stock opened at $613.80 on Wednesday. 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 capitalization of $37.02 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 5.68 and a beta of 0.94. The company’s 50 day moving average price is $590.28 and its two-hundred day moving average price is $540.52. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results 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 company 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% on a year-over-year basis. During the same quarter last year, the business posted $4.76 earnings per share. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, analysts expect 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 will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is 18.41%.

Insider Activity

In other news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $613.32, for a total value of $636,626.16. Following the sale, the director directly 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 at the SEC website. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $525.00 target price (up from $515.00) on shares of Martin Marietta Materials in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and upped their target price for the company from $548.00 to $634.00 in a research report on Friday, May 16th. DA Davidson upped their target price on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Raymond James Financial upped their target price on shares of Martin Marietta Materials from $600.00 to $645.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $622.63.

Martin Marietta Materials Company 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.