Wealthfront Advisers LLC Invests $3.29 Million in Martin Marietta Materials, Inc. $MLM

Posted by George Bondi on Aug 21st, 2026

Wealthfront Advisers LLC purchased a new stake in Martin Marietta Materials, Inc. (NYSE:MLM – Free Report) in the second quarter, Holdings Channel reports. The firm purchased 5,706 shares of the construction company’s stock, valued at approximately $3,291,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Martin Marietta Materials by 14,332.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 77,792 shares of the construction company’s stock valued at $48,438,000 after acquiring an additional 77,253 shares during the period. Jennison Associates LLC bought a new position in shares of Martin Marietta Materials during the fourth quarter valued at approximately $18,636,000. Victory Capital Management Inc. raised its position in shares of Martin Marietta Materials by 51.8% during the 4th quarter. Victory Capital Management Inc. now owns 2,448,928 shares of the construction company’s stock worth $1,524,853,000 after purchasing an additional 836,120 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Martin Marietta Materials by 4.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 126,524 shares of the construction company’s stock worth $80,272,000 after purchasing an additional 5,227 shares during the period. Finally, Stephens Inc. AR lifted its holdings in shares of Martin Marietta Materials by 11.2% in the 4th quarter. Stephens Inc. AR now owns 51,326 shares of the construction company’s stock worth $31,958,000 after purchasing an additional 5,150 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 1.8%

NYSE:MLM opened at $526.06 on Friday. The stock has a market cap of $31.60 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 2.31 and a beta of 1.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 1.41. Martin Marietta Materials, Inc. has a 1 year low of $522.19 and a 1 year high of $710.97. The business has a fifty day moving average of $570.47 and a 200-day moving average of $596.46.

Martin Marietta Materials (NYSE:MLM – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $5.00 earnings per share for the quarter, beating analysts’ consensus estimates of $4.76 by $0.24. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Martin Marietta Materials had a net margin of 36.73% and a return on equity of 9.49%. The company’s revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.43 earnings per share. Equities analysts predict that Martin Marietta Materials, Inc. will post 19.07 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.84 per share. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, September 1st. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.6%. Martin Marietta Materials’s payout ratio is presently 8.16%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MLM shares. Stephens reduced their price objective on Martin Marietta Materials from $700.00 to $680.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Truist Financial raised their target price on Martin Marietta Materials from $710.00 to $730.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wells Fargo & Company reduced their price target on shares of Martin Marietta Materials from $616.00 to $581.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Raymond James Financial set a $660.00 price target on shares of Martin Marietta Materials in a research report on Friday, July 31st. Finally, UBS Group dropped their price objective on shares of Martin Marietta Materials from $739.00 to $715.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $668.53.

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About Martin Marietta Materials

(Free Report)

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.