Heritage Investors Management Corp Has $36.04 Million Holdings in Martin Marietta Materials, Inc. $MLM

Heritage Investors Management Corp cut its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,646 shares of the construction company’s stock after selling 508 shares during the quarter. Martin Marietta Materials accounts for 1.1% of Heritage Investors Management Corp’s investment portfolio, making the stock its 22nd largest holding. Heritage Investors Management Corp owned about 0.11% of Martin Marietta Materials worth $36,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. increased its holdings in shares of Martin Marietta Materials by 65.5% during the first quarter. Mather Group LLC. now owns 278 shares of the construction company’s stock valued at $133,000 after acquiring an additional 110 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Martin Marietta Materials by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,007 shares of the construction company’s stock valued at $1,457,000 after acquiring an additional 40 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Martin Marietta Materials by 30.5% during the first quarter. Vontobel Holding Ltd. now owns 933 shares of the construction company’s stock valued at $446,000 after acquiring an additional 218 shares in the last quarter. Atika Capital Management LLC increased its holdings in shares of Martin Marietta Materials by 18.1% during the first quarter. Atika Capital Management LLC now owns 55,633 shares of the construction company’s stock valued at $26,600,000 after acquiring an additional 8,533 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Martin Marietta Materials by 160.5% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the construction company’s stock valued at $47,000 after acquiring an additional 61 shares in the last quarter. Institutional investors 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 company’s stock in a transaction on Friday, August 8th. The stock was 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 of the company’s stock, valued at $9,455,554.44. This represents a 6.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is owned by corporate insiders.

Martin Marietta Materials Stock Down 0.1%

Shares of NYSE:MLM opened at $616.34 on Thursday. The company has a market capitalization of $37.17 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 5.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21. The business has a fifty day moving average price of $621.19 and a two-hundred day moving average price of $577.70. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $665.18.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company earned $4.76 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Martin Marietta Materials has set its FY 2025 guidance at EPS. Analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.79. Martin Marietta Materials’s payout ratio is currently 18.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays upped their price target on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Stephens reiterated an “overweight” rating and set a $700.00 price target on shares of Martin Marietta Materials in a report on Monday, August 4th. Stifel Nicolaus upped their price target on Martin Marietta Materials from $609.00 to $637.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Wells Fargo & Company upgraded Martin Marietta Materials to a “hold” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $628.56.

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.