Hantz Financial Services Inc. Lowers Position in Martin Marietta Materials, Inc. $MLM

Hantz Financial Services Inc. reduced its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,640 shares of the construction company’s stock after selling 207 shares during the quarter. Hantz Financial Services Inc.’s holdings in Martin Marietta Materials were worth $1,998,000 as of its most recent SEC filing.

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

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 stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the transaction, the director owned 15,417 shares in the company, valued at approximately $9,455,554.44. This represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

Martin Marietta Materials Stock Up 0.2%

MLM stock opened at $614.13 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. The company has a market capitalization of $37.04 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 5.57 and a beta of 1.01. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $665.18. The stock has a fifty day moving average of $621.58 and a 200-day moving average of $578.72.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share for the quarter, missing the consensus estimate of $5.44 by ($0.01). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.88 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.76 EPS. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, equities research analysts predict 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 paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend 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 is currently 18.41%.

Analysts Set New Price Targets

A number of research firms recently commented on MLM. Stephens reissued an “overweight” rating and issued a $700.00 price target on shares of Martin Marietta Materials in a research report on Monday, August 4th. Raymond James Financial upped their price objective on Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Bank of America upped their price objective on Martin Marietta Materials from $577.00 to $643.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Stifel Nicolaus upped their price objective on Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada restated 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. Two 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $628.56.

About Martin Marietta Materials

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.