Martin Marietta Materials, Inc. $MLM Holdings Lessened by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA lowered its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,571 shares of the construction company’s stock after selling 5,274 shares during the period. Martin Marietta Materials makes up about 5.6% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 8th largest position. Mcdonald Capital Investors Inc. CA owned approximately 0.27% of Martin Marietta Materials worth $88,696,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Martin Marietta Materials in the first quarter worth $29,000. Zions Bancorporation National Association UT bought a new stake in shares of Martin Marietta Materials in the first quarter worth $30,000. Chilton Capital Management LLC bought a new stake in shares of Martin Marietta Materials in the first quarter worth $30,000. Salomon & Ludwin LLC increased its stake in shares of Martin Marietta Materials by 156.7% in the second quarter. Salomon & Ludwin LLC now owns 77 shares of the construction company’s stock worth $43,000 after buying an additional 47 shares during the last quarter. Finally, IMA Advisory Services Inc. bought a new stake in shares of Martin Marietta Materials in the first quarter worth $40,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MLM. Morgan Stanley lifted their price target on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Barclays lifted their price target on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. DA Davidson lifted their price objective on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $525.00 price objective (up previously from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $628.56.

Insider Activity

In related news, Director Laree E. Perez sold 1,038 shares of the company’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 completion of the sale, the director owned 15,417 shares of the company’s stock, valued at $9,455,554.44. This represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

Martin Marietta Materials Stock Performance

Martin Marietta Materials stock opened at $621.05 on Friday. The company has a market cap of $37.46 billion, a PE ratio of 34.45, a P/E/G ratio of 5.61 and a beta of 1.01. The company has a fifty day moving average price of $620.38 and a two-hundred day moving average price of $574.26. 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 12 month low of $441.95 and a 12 month high of $665.18.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share (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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the firm posted $4.76 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Martin Marietta Materials has set its FY 2025 guidance at EPS. Research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

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

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.