Martin Marietta Materials, Inc. $MLM Shares Acquired by Curated Wealth Partners LLC

Curated Wealth Partners LLC increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,395 shares of the construction company’s stock after buying an additional 82 shares during the period. Curated Wealth Partners LLC’s holdings in Martin Marietta Materials were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Martin Marietta Materials by 2.3% in the first quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company’s stock worth $3,510,602,000 after acquiring an additional 168,175 shares during the period. JPMorgan Chase & Co. grew 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 purchasing an additional 268,928 shares during the period. Principal Financial Group Inc. grew its position in Martin Marietta Materials by 6.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,940,423 shares of the construction company’s stock worth $927,775,000 after purchasing an additional 120,679 shares during the period. Amundi grew its position in Martin Marietta Materials by 9.2% during the 1st quarter. Amundi now owns 1,706,416 shares of the construction company’s stock worth $827,345,000 after purchasing an additional 144,270 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its holdings in Martin Marietta Materials by 39.2% during the first quarter. Diamond Hill Capital Management Inc. now owns 659,363 shares of the construction company’s stock worth $315,261,000 after acquiring an additional 185,731 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Raymond James Financial raised their price objective on shares of Martin Marietta Materials from $600.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Bank of America raised their price target on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Wells Fargo & Company upgraded shares of Martin Marietta Materials to a “hold” rating in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada restated 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 report on Friday, August 8th. Two equities research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $621.69.

Insider Transactions at Martin Marietta Materials

In related news, Director Laree E. Perez sold 1,038 shares of the business’s 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 transaction, the director directly owned 15,417 shares in the company, valued at approximately $9,455,554.44. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company insiders.

Martin Marietta Materials Trading Up 2.8%

MLM stock opened at $656.44 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $657.36. The stock has a market cap of $39.59 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 5.79 and a beta of 1.01. The business’s 50-day moving average is $617.58 and its 200 day moving average is $565.65.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 earnings per share (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%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.76 earnings per share. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. This is a boost 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 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is presently 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.