Exencial Wealth Advisors LLC Increases Position in Martin Marietta Materials, Inc. $MLM

Exencial Wealth Advisors LLC raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 37.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,587 shares of the construction company’s stock after purchasing an additional 7,578 shares during the period. Exencial Wealth Advisors LLC’s holdings in Martin Marietta Materials were worth $15,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. PDS Planning Inc increased its position in shares of 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 purchasing an additional 21 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 purchasing an additional 21 shares during the last quarter. Valley National Advisers Inc. increased its position 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 last quarter. Trust Investment Advisors increased its position 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 last quarter. Finally, Willner & Heller LLC boosted its holdings in shares of Martin Marietta Materials by 3.2% in the 1st quarter. Willner & Heller LLC now owns 840 shares of the construction company’s stock valued at $402,000 after buying an additional 26 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MLM. Bank of America upped their target price on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Barclays upped their target price on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $525.00 price target (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Two 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $628.56.

Insider Activity at Martin Marietta Materials

In other news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the sale, the director directly owned 15,417 shares in the company, valued at $9,455,554.44. The trade was a 6.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.68% of the stock is currently owned by company insiders.

Martin Marietta Materials Stock Up 0.9%

MLM stock opened at $632.81 on Wednesday. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $665.18. The stock has a market capitalization of $38.16 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 5.68 and a beta of 1.01. 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 fifty day moving average of $620.01 and a 200-day moving average of $570.79.

Martin Marietta Materials (NYSE:MLM) last released 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 firm had revenue of $1.81 billion during 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%.During the same quarter last year, the business posted $4.76 EPS. The firm’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, analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date was Tuesday, September 2nd. Martin Marietta Materials’s payout ratio is presently 18.41%.

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.