Premier Path Wealth Partners LLC Purchases 37 Shares of Martin Marietta Materials, Inc. $MLM

Premier Path Wealth Partners LLC grew its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 4.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 876 shares of the construction company’s stock after acquiring an additional 37 shares during the period. Premier Path Wealth Partners LLC’s holdings in Martin Marietta Materials were worth $481,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 valued at $661,000 after acquiring an additional 21 shares during the last quarter. CVA Family Office LLC increased its stake in shares of Martin Marietta Materials by 21.4% in the second quarter. CVA Family Office LLC now owns 125 shares of the construction company’s stock valued at $69,000 after buying an additional 22 shares during the period. Valley National Advisers Inc. increased its stake in shares of Martin Marietta Materials by 25.8% in the second quarter. Valley National Advisers Inc. now owns 122 shares of the construction company’s stock valued at $66,000 after buying an additional 25 shares during the period. Trust Investment Advisors increased its stake in shares of Martin Marietta Materials by 1.4% in the first quarter. Trust Investment Advisors now owns 1,843 shares of the construction company’s stock valued at $881,000 after buying an additional 26 shares during the period. Finally, Willner & Heller LLC increased its stake in shares of Martin Marietta Materials by 3.2% in the first quarter. Willner & Heller LLC now owns 840 shares of the construction company’s stock valued at $402,000 after buying an additional 26 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on MLM. Morgan Stanley upped their price objective on Martin Marietta Materials from $576.00 to $605.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Wells Fargo & Company raised Martin Marietta Materials to a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Wednesday, October 8th. 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 research note on Friday, August 8th. Finally, Raymond James Financial upped their price objective on Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Two investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $628.56.

Insider Activity at Martin Marietta Materials

In other news, Director Laree E. Perez sold 1,038 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $613.32, for a total transaction 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 trade represents a 6.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is currently owned by company insiders.

Martin Marietta Materials Stock Performance

MLM stock opened at $613.06 on Friday. The stock has a 50-day moving average price of $621.44 and a 200-day moving average price of $577.95. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $665.18. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. The firm has a market cap of $36.97 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 5.57 and a beta of 1.01.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 earnings per share for the quarter, missing the consensus estimate of $5.44 by ($0.01). Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $4.76 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, equities 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.83 per share. 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. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. 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.