GAM Holding AG Cuts Stock Holdings in Martin Marietta Materials, Inc. $MLM

GAM Holding AG trimmed its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 4.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,405 shares of the construction company’s stock after selling 71 shares during the period. GAM Holding AG’s holdings in Martin Marietta Materials were worth $771,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in Martin Marietta Materials during the first quarter valued at $29,000. Zions Bancorporation National Association UT purchased a new position in Martin Marietta Materials during the first quarter valued at $30,000. Chilton Capital Management LLC purchased a new position in Martin Marietta Materials during the first quarter valued at $30,000. Salomon & Ludwin LLC grew its stake in shares of Martin Marietta Materials by 156.7% in the 2nd quarter. Salomon & Ludwin LLC now owns 77 shares of the construction company’s stock worth $43,000 after buying an additional 47 shares in the last quarter. Finally, IMA Advisory Services Inc. purchased a new position in shares of Martin Marietta Materials in the 1st quarter worth $40,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction dated 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 owned 15,417 shares in the company, valued at $9,455,554.44. This trade represents a 6.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Wednesday, October 8th. Raymond James Financial lifted their price objective on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Barclays lifted their price objective on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Stifel Nicolaus lifted 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 note on Tuesday, August 12th. Finally, DA Davidson lifted their price objective on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $628.56.

Martin Marietta Materials Price Performance

MLM stock opened at $614.13 on Friday. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $665.18. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $621.58 and a 200 day moving average price of $578.72. The stock has a market cap of $37.04 billion, a PE ratio of 34.06, a P/E/G ratio of 5.57 and a beta of 1.01.

Martin Marietta Materials (NYSE:MLM) last released 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 return on equity of 11.88% and a net margin of 16.47%.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 firm posted $4.76 earnings per share. Martin Marietta Materials’s revenue for the quarter was up 2.7% on a year-over-year basis. Martin Marietta Materials has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

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

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.