Triad Wealth Partners LLC Takes $212,000 Position in Martin Marietta Materials, Inc. $MLM

Triad Wealth Partners LLC purchased a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, Holdings Channel.com reports. The firm purchased 386 shares of the construction company’s stock, valued at approximately $212,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Martin Marietta Materials by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company’s stock valued at $3,510,602,000 after acquiring an additional 168,175 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Martin Marietta Materials by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 2,944,694 shares of the construction company’s stock valued at $1,407,947,000 after acquiring an additional 268,928 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Martin Marietta Materials by 6.6% during the first quarter. Principal Financial Group Inc. now owns 1,940,423 shares of the construction company’s stock valued at $927,775,000 after acquiring an additional 120,679 shares during the period. Amundi raised its holdings in shares of Martin Marietta Materials by 9.2% during the first quarter. Amundi now owns 1,706,416 shares of the construction company’s stock valued at $827,345,000 after acquiring an additional 144,270 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of 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 valued at $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.

Insider Activity at Martin Marietta Materials

In other news, Director Laree E. Perez sold 1,038 shares of the stock in a transaction on 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 owned 15,417 shares in the company, valued at $9,455,554.44. This represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $635.61 on Friday. The company’s fifty day moving average is $610.18 and its 200-day moving average is $558.16. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $637.36. The firm has a market cap of $38.33 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 5.75 and a beta of 1.01. The company has a quick ratio of 1.21, a current ratio of 2.35 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly 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). Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company earned $4.76 EPS. The business’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 analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 18.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MLM shares. Raymond James Financial boosted their price target on shares of Martin Marietta Materials from $600.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Bank of America increased their target price on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley increased their target price on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $622.63.

Martin Marietta Materials 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.