Findlay Park Partners LLP Sells 7,800 Shares of Martin Marietta Materials, Inc. $MLM

Findlay Park Partners LLP cut its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.4% in the 2nd quarter, Holdings Channel reports. The firm owned 220,842 shares of the construction company’s stock after selling 7,800 shares during the period. Findlay Park Partners LLP’s holdings in Martin Marietta Materials were worth $121,233,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MLM. Avantax Advisory Services Inc. boosted its stake in Martin Marietta Materials by 14.1% during the first quarter. Avantax Advisory Services Inc. now owns 1,505 shares of the construction company’s stock worth $720,000 after acquiring an additional 186 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Martin Marietta Materials by 27.7% in the 1st quarter. Cetera Investment Advisers now owns 11,854 shares of the construction company’s stock worth $5,668,000 after purchasing an additional 2,572 shares in the last quarter. LPL Financial LLC grew its stake in shares of Martin Marietta Materials by 7.6% in the 1st quarter. LPL Financial LLC now owns 41,534 shares of the construction company’s stock worth $19,858,000 after buying an additional 2,932 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Martin Marietta Materials by 4.3% in the 1st quarter. Mackenzie Financial Corp now owns 8,504 shares of the construction company’s stock worth $4,066,000 after buying an additional 354 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its position in Martin Marietta Materials by 15.3% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,959 shares of the construction company’s stock valued at $937,000 after buying an additional 260 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of MLM opened at $622.64 on Thursday. The firm has a fifty day simple moving average of $618.84 and a two-hundred day simple moving average of $591.11. The firm has a market cap of $37.55 billion, a PE ratio of 34.53, a P/E/G ratio of 5.57 and a beta of 1.06. 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 1-year low of $441.95 and a 1-year high of $665.18.

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

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Martin Marietta Materials’s payout ratio is 17.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MLM. Wells Fargo & Company cut their target price 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. UBS Group increased their price objective on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. raised their price objective on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Stephens reiterated an “overweight” rating and issued a $700.00 target price on shares of Martin Marietta Materials in a research note on Monday, August 4th. Finally, DA Davidson set a $690.00 price target on shares of Martin Marietta Materials in a report on Thursday, November 6th. Two equities 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’s stock. According to data from MarketBeat, Martin Marietta Materials presently has an average rating of “Moderate Buy” and an average price target of $644.38.

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.