Vise Technologies Inc. Invests $1.10 Million in Martin Marietta Materials, Inc. $MLM

Vise Technologies Inc. acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,901 shares of the construction company’s stock, valued at approximately $1,096,000.

A number of other institutional investors have also made changes to their positions in MLM. Integrated Wealth Concepts LLC grew its holdings in Martin Marietta Materials by 6.6% during the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock valued at $379,000 after purchasing an additional 49 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Martin Marietta Materials by 11.4% in the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock worth $673,000 after buying an additional 144 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Martin Marietta Materials by 11.1% in the second quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after buying an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Martin Marietta Materials by 205.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company’s stock worth $143,000 after buying an additional 175 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in shares of Martin Marietta Materials by 22.6% during the 2nd quarter. Cresset Asset Management LLC now owns 777 shares of the construction company’s stock worth $427,000 after buying an additional 143 shares during the period. 95.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MLM has been the topic of several recent analyst reports. Wolfe Research set a $648.00 target price on shares of Martin Marietta Materials in a report on Tuesday, August 4th. Oppenheimer initiated coverage on shares of Martin Marietta Materials in a report on Thursday, May 28th. They set a “market perform” rating for the company. JPMorgan Chase & Co. lowered their price target on Martin Marietta Materials from $700.00 to $680.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company dropped their price objective on Martin Marietta Materials from $616.00 to $581.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Finally, Raymond James Financial set a $660.00 price objective on Martin Marietta Materials in a research report on Friday, July 31st. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $668.53.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $535.28 on Friday. Martin Marietta Materials, Inc. has a 12-month low of $522.19 and a 12-month high of $710.97. The company has a quick ratio of 0.73, a current ratio of 1.41 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $569.66 and a 200 day moving average price of $596.04. The firm has a market capitalization of $32.15 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 2.31 and a beta of 1.11.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Thursday, July 30th. The construction company reported $5.00 EPS for the quarter, topping the consensus estimate of $4.76 by $0.24. Martin Marietta Materials had a return on equity of 9.49% and a net margin of 36.73%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $5.43 EPS. Martin Marietta Materials’s revenue was up 21.0% on a year-over-year basis. Research analysts anticipate that Martin Marietta Materials, Inc. will post 19.07 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a dividend yield of 0.6%. Martin Marietta Materials’s dividend payout ratio (DPR) is 8.16%.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.