GHP Investment Advisors Inc. Has $10.66 Million Stake in Martin Marietta Materials, Inc. $MLM

GHP Investment Advisors Inc. grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,416 shares of the construction company’s stock after buying an additional 1,064 shares during the period. GHP Investment Advisors Inc.’s holdings in Martin Marietta Materials were worth $10,659,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Bridgewealth Advisory Group LLC acquired a new stake in shares of Martin Marietta Materials in the second quarter valued at approximately $662,000. AMG National Trust Bank lifted its position in shares of Martin Marietta Materials by 7.6% in the second quarter. AMG National Trust Bank now owns 466 shares of the construction company’s stock valued at $256,000 after buying an additional 33 shares during the last quarter. Kovack Advisors Inc. lifted its position in shares of Martin Marietta Materials by 5.5% in the second quarter. Kovack Advisors Inc. now owns 2,930 shares of the construction company’s stock valued at $1,608,000 after buying an additional 153 shares during the last quarter. Simon Quick Advisors LLC lifted its position in shares of Martin Marietta Materials by 4.9% in the second quarter. Simon Quick Advisors LLC now owns 4,552 shares of the construction company’s stock valued at $2,499,000 after buying an additional 213 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of Martin Marietta Materials by 27.0% in the second quarter. Strs Ohio now owns 50,179 shares of the construction company’s stock valued at $27,546,000 after buying an additional 10,679 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction 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 transaction, the director directly owned 15,417 shares of the company’s stock, valued at $9,455,554.44. The trade was a 6.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is owned by corporate insiders.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $614.13 on Friday. The stock has a market capitalization of $37.04 billion, a PE ratio of 34.06, a P/E/G ratio of 5.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21. The business has a fifty day moving average price of $621.58 and a two-hundred day moving average price of $579.27. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $665.18.

Martin Marietta Materials (NYSE:MLM) last announced 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). The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.88 billion. Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. Martin Marietta Materials’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.76 earnings per share. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on MLM. Wall Street Zen raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. DA Davidson lifted their price target on Martin Marietta Materials from $625.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Barclays lifted their price target on Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Bank of America lifted their price target on Martin Marietta Materials from $577.00 to $643.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $525.00 price target (up from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $628.56.

Martin Marietta Materials 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.