Generali Asset Management SPA SGR Sells 386 Shares of Martin Marietta Materials, Inc. $MLM

Generali Asset Management SPA SGR lessened its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,502 shares of the construction company’s stock after selling 386 shares during the period. Generali Asset Management SPA SGR’s holdings in Martin Marietta Materials were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MLM. Farther Finance Advisors LLC lifted its holdings in shares of Martin Marietta Materials by 34.7% during the 1st quarter. Farther Finance Advisors LLC now owns 423 shares of the construction company’s stock worth $205,000 after acquiring an additional 109 shares during the period. GAMMA Investing LLC increased its position in Martin Marietta Materials by 22.7% during the 1st quarter. GAMMA Investing LLC now owns 1,459 shares of the construction company’s stock worth $698,000 after purchasing an additional 270 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Martin Marietta Materials by 41.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,159 shares of the construction company’s stock worth $2,467,000 after purchasing an additional 1,505 shares in the last quarter. Ritholtz Wealth Management increased its position in Martin Marietta Materials by 28.4% during the 1st quarter. Ritholtz Wealth Management now owns 1,112 shares of the construction company’s stock worth $532,000 after purchasing an additional 246 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Martin Marietta Materials by 23.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 454 shares of the construction company’s stock worth $217,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling 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 completion of the sale, the director directly owned 15,417 shares in the company, valued at $9,455,554.44. This represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is currently owned by company insiders.

Martin Marietta Materials Trading Down 2.4%

Shares of NYSE MLM opened at $624.07 on Friday. 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, Inc. has a 52-week low of $441.95 and a 52-week high of $665.18. The firm has a 50 day moving average price of $618.87 and a two-hundred day moving average price of $567.17. The stock has a market cap of $37.64 billion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 5.79 and a beta of 1.01.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results 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). Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company posted $4.76 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Increases Dividend

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

Wall Street Analysts Forecast Growth

MLM has been the subject of a number of research analyst reports. Bank of America upped their price objective 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. Royal Bank Of Canada reiterated a “sector perform” rating and set a $525.00 price objective (up from $515.00) on shares of Martin Marietta Materials in a research report on Friday, August 8th. Wells Fargo & Company upgraded shares of Martin Marietta Materials to a “hold” rating in a research report on Wednesday, October 8th. Morgan Stanley upped their price objective 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. Finally, Stifel Nicolaus upped their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $621.69.

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.