Martin Marietta Materials, Inc. $MLM Shares Sold by F m Investments LLC

F m Investments LLC lessened its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 91.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 759 shares of the construction company’s stock after selling 8,377 shares during the quarter. F m Investments LLC’s holdings in Martin Marietta Materials were worth $417,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MLM. Parkside Financial Bank & Trust increased its stake in shares of Martin Marietta Materials by 10.4% during the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock worth $99,000 after purchasing an additional 17 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in Martin Marietta Materials by 2.5% in the 2nd quarter. Personal CFO Solutions LLC now owns 787 shares of the construction company’s stock worth $432,000 after buying an additional 19 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Martin Marietta Materials by 1.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,205 shares of the construction company’s stock worth $661,000 after buying an additional 21 shares during the last quarter. Fidelis Capital Partners LLC increased its stake in Martin Marietta Materials by 1.9% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,113 shares of the construction company’s stock worth $666,000 after buying an additional 21 shares in the last quarter. Finally, CVA Family Office LLC raised its holdings in shares of Martin Marietta Materials by 21.4% during the second quarter. CVA Family Office LLC now owns 125 shares of the construction company’s stock valued at $69,000 after acquiring an additional 22 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MLM shares. Wall Street Zen lowered Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Wells Fargo & Company decreased their price objective on Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. UBS Group lifted their target price on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Bank of America increased their target price on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, DA Davidson set a $690.00 price target on shares of Martin Marietta Materials in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus target price of $644.38.

Martin Marietta Materials Stock Up 0.1%

Shares of NYSE:MLM opened at $623.24 on Friday. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $665.18. The stock has a market cap of $37.59 billion, a P/E ratio of 34.57, a PEG ratio of 5.57 and a beta of 1.06. The business has a fifty day moving average of $618.96 and a two-hundred day moving average of $592.14. The company has a quick ratio of 1.21, a current ratio of 2.35 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.06 billion. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared 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 0.5%. Martin Marietta Materials’s dividend payout ratio is 17.50%.

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.