Vise Technologies Inc. Acquires New Stake in Martin Marietta Materials, Inc. $MLM

Vise Technologies Inc. bought a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 713 shares of the construction company’s stock, valued at approximately $391,000.

A number of other institutional investors have also recently made changes to their positions in MLM. Allworth Financial LP lifted its stake in shares of Martin Marietta Materials by 40.6% in the second quarter. Allworth Financial LP now owns 1,497 shares of the construction company’s stock worth $822,000 after acquiring an additional 432 shares during the period. Fidelis Capital Partners LLC lifted its position in shares of Martin Marietta Materials by 1.9% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,113 shares of the construction company’s stock worth $666,000 after purchasing an additional 21 shares during the period. ProShare Advisors LLC lifted its position in shares of Martin Marietta Materials by 9.5% in the 2nd quarter. ProShare Advisors LLC now owns 12,132 shares of the construction company’s stock worth $6,660,000 after purchasing an additional 1,053 shares during the period. Midwest Trust Co bought a new stake in shares of Martin Marietta Materials in the 2nd quarter valued at $562,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Martin Marietta Materials by 73.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 781 shares of the construction company’s stock worth $429,000 after buying an additional 330 shares during the period. Institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MLM shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $525.00 target price (up previously from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. DA Davidson set a $690.00 price objective on Martin Marietta Materials in a research note on Thursday, November 6th. Stephens reaffirmed an “overweight” rating and set a $700.00 target price on shares of Martin Marietta Materials in a research note on Monday, August 4th. Wells Fargo & Company dropped their price target on Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $644.38.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $596.11 on Friday. The company has a market cap of $35.95 billion, a P/E ratio of 33.06, a PEG ratio of 5.57 and a beta of 1.06. The company has a fifty day simple moving average of $621.02 and a 200 day simple moving average of $587.29. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $665.18.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $2.06 billion. Martin Marietta Materials has set its FY 2025 guidance at EPS. Sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio is 17.50%.

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.