Martin Marietta Materials, Inc. $MLM Shares Bought by Creative Planning

Creative Planning grew its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 17.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,766 shares of the construction company’s stock after acquiring an additional 3,033 shares during the period. Creative Planning’s holdings in Martin Marietta Materials were worth $11,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MLM. Parkside Financial Bank & Trust boosted its holdings in Martin Marietta Materials by 10.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock valued at $99,000 after purchasing an additional 17 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 buying an additional 21 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of Martin Marietta Materials by 1.9% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,113 shares of the construction company’s stock valued at $666,000 after buying an additional 21 shares during the period. CVA Family Office LLC boosted its stake in shares of Martin Marietta Materials by 21.4% in the second quarter. CVA Family Office LLC now owns 125 shares of the construction company’s stock valued at $69,000 after buying an additional 22 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in Martin Marietta Materials by 62.2% during the second quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock worth $33,000 after acquiring an additional 23 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Up 0.6%

Martin Marietta Materials stock opened at $593.50 on Wednesday. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $665.18. The firm has a market capitalization of $35.79 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 5.57 and a beta of 1.06. The stock’s fifty day moving average is $619.87 and its two-hundred day moving average is $588.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.21 and a current ratio of 2.35.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.62 by ($0.65). The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.06 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%. Martin Marietta Materials has set its FY 2025 guidance at EPS. Analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 1st. Martin Marietta Materials’s dividend payout ratio is 17.50%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Wall Street Zen cut shares of Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Morgan Stanley boosted their price objective on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Barclays upped their target price on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, DA Davidson set a $690.00 target price on shares of Martin Marietta Materials in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $644.38.

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.