Martin Marietta Materials, Inc. $MLM Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 10.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 467 shares of the construction company’s stock after acquiring an additional 43 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Martin Marietta Materials were worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MLM. Wayfinding Financial LLC acquired a new position in shares of Martin Marietta Materials in the first quarter worth about $29,000. Chilton Capital Management LLC acquired a new position in shares of Martin Marietta Materials in the first quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new position in shares of Martin Marietta Materials in the first quarter worth about $30,000. IMA Advisory Services Inc. acquired a new stake in Martin Marietta Materials during the first quarter valued at approximately $40,000. Finally, Valley National Advisers Inc. raised its stake in Martin Marietta Materials by 193.9% during the first quarter. Valley National Advisers Inc. now owns 97 shares of the construction company’s stock valued at $45,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Transactions at Martin Marietta Materials

In related news, Director Laree E. Perez sold 1,038 shares of the 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 completion of the transaction, the director directly owned 15,417 shares of the company’s stock, valued at $9,455,554.44. This represents a 6.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MLM has been the topic of several research reports. DA Davidson upped their price objective on Martin Marietta Materials from $625.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Raymond James Financial upped their price objective on Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays upped their price objective on Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday. Stifel Nicolaus upped their price objective on Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $525.00 price objective (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $628.56.

Martin Marietta Materials Stock Up 0.3%

Shares of Martin Marietta Materials stock opened at $621.05 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. The business’s 50 day simple moving average is $620.38 and its 200-day simple moving average is $573.41. The stock has a market capitalization of $37.46 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 5.59 and a beta of 1.01. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $665.18.

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

Martin Marietta Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were issued a $0.83 dividend. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is currently 18.41%.

About Martin Marietta Materials

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.