Mutual of America Capital Management LLC Has $3.80 Million Holdings in Martin Marietta Materials, Inc. $MLM

Mutual of America Capital Management LLC cut its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,913 shares of the construction company’s stock after selling 194 shares during the period. Mutual of America Capital Management LLC’s holdings in Martin Marietta Materials were worth $3,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. increased its holdings in Martin Marietta Materials by 65.5% in the first quarter. Mather Group LLC. now owns 278 shares of the construction company’s stock valued at $133,000 after purchasing an additional 110 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Martin Marietta Materials by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,007 shares of the construction company’s stock valued at $1,457,000 after purchasing an additional 40 shares during the period. Vontobel Holding Ltd. increased its holdings in Martin Marietta Materials by 30.5% in the first quarter. Vontobel Holding Ltd. now owns 933 shares of the construction company’s stock valued at $446,000 after purchasing an additional 218 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Martin Marietta Materials by 41.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,159 shares of the construction company’s stock valued at $2,467,000 after purchasing an additional 1,505 shares during the period. Finally, Spire Wealth Management increased its holdings in Martin Marietta Materials by 64.0% in the first quarter. Spire Wealth Management now owns 1,250 shares of the construction company’s stock valued at $598,000 after purchasing an additional 488 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Laree E. Perez sold 1,038 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $613.32, for a total value of $636,626.16. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Stephens restated an “overweight” rating and issued a $700.00 price objective on shares of Martin Marietta Materials in a report on Monday, August 4th. DA Davidson upped their price target on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Barclays upped their price target on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus upped their price target on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial upped their price target on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research report on Tuesday. Two 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $628.56.

Martin Marietta Materials Price Performance

MLM stock opened at $619.49 on Friday. The stock has a market capitalization of $37.36 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 5.62 and a beta of 1.01. The company’s 50-day moving average is $620.15 and its 200-day moving average is $572.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21. 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 released its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.01). The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.88 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.Martin Marietta Materials’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $4.76 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. Martin Marietta Materials’s payout ratio is 18.41%.

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.