Russell Investments Group Ltd. Decreases Position in Martin Marietta Materials, Inc. $MLM

Russell Investments Group Ltd. trimmed its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 15.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,643 shares of the construction company’s stock after selling 15,197 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of Martin Marietta Materials worth $46,476,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust boosted its holdings in shares of 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 buying an additional 17 shares in the last quarter. Personal CFO Solutions LLC raised its stake in Martin Marietta Materials by 2.5% during the 2nd quarter. Personal CFO Solutions LLC now owns 787 shares of the construction company’s stock worth $432,000 after acquiring an additional 19 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Martin Marietta Materials by 1.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,205 shares of the construction company’s stock worth $661,000 after acquiring an additional 21 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in Martin Marietta Materials by 1.9% in the second quarter. Fidelis Capital Partners LLC now owns 1,113 shares of the construction company’s stock valued at $666,000 after acquiring an additional 21 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in 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 acquiring an additional 22 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen cut Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Stephens reissued an “overweight” rating and issued a $700.00 target price on shares of Martin Marietta Materials in a research report on Monday, August 4th. Wells Fargo & Company dropped their price target on Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $525.00 price objective (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Finally, Stifel Nicolaus increased their price objective on Martin Marietta Materials from $637.00 to $681.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Two investment 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. According to data from MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus price target of $644.38.

Martin Marietta Materials Stock Up 0.8%

MLM opened at $622.64 on Friday. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $665.18. The business has a 50 day moving average price of $618.87 and a two-hundred day moving average price of $591.33. The company has a quick ratio of 1.21, a current ratio of 2.35 and a debt-to-equity ratio of 0.56. The company has a market cap of $37.55 billion, a PE ratio of 34.53, a P/E/G ratio of 5.57 and a beta of 1.06.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing the consensus estimate of $6.62 by ($0.65). Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Martin Marietta Materials’s payout ratio is currently 17.50%.

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.