Martin Marietta Materials, Inc. $MLM Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 9.7% in the second quarter, HoldingsChannel.com reports. The firm owned 494 shares of the construction company’s stock after selling 53 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Martin Marietta Materials were worth $271,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Martin Marietta Materials in the 1st quarter worth about $29,000. Chilton Capital Management LLC acquired a new position in Martin Marietta Materials in the 1st quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new position in Martin Marietta Materials in the 1st quarter worth about $30,000. IMA Advisory Services Inc. acquired a new position in Martin Marietta Materials in the 1st quarter worth about $40,000. Finally, Valley National Advisers Inc. raised its holdings in Martin Marietta Materials by 193.9% in the 1st quarter. Valley National Advisers Inc. now owns 97 shares of the construction company’s stock worth $45,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Activity at Martin Marietta Materials

In related news, Director Laree E. Perez sold 1,038 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $613.32, for a total value of $636,626.16. Following the completion of the sale, the director owned 15,417 shares of the company’s stock, valued at approximately $9,455,554.44. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.69% of the company’s stock.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $632.22 on Friday. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $640.00. 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 stock has a market cap of $38.13 billion, a PE ratio of 35.06, a P/E/G ratio of 5.73 and a beta of 1.01. The stock has a 50 day moving average price of $615.86 and a 200 day moving average price of $563.34.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 EPS for the quarter, missing the consensus estimate of $5.44 by ($0.01). Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $4.76 EPS. Martin Marietta Materials’s revenue for the quarter was up 2.7% compared to the same quarter last year. Martin Marietta Materials has set its FY 2025 guidance at EPS. Equities research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were issued a $0.83 dividend. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.79. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Martin Marietta Materials’s payout ratio is 18.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Wells Fargo & Company raised Martin Marietta Materials to a “hold” rating in a report on Wednesday. Stifel Nicolaus increased their target price on Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Raymond James Financial increased their target price on Martin Marietta Materials from $600.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Stephens reissued an “overweight” rating and set a $700.00 target price on shares of Martin Marietta Materials in a report on Monday, August 4th. 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. According to data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus target price of $621.69.

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.