16,864 Shares in Martin Marietta Materials, Inc. $MLM Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments bought 16,864 Martin Marietta shares in the third quarter, worth approximately $8.1 million. Institutional investors collectively own 95.04% of the stock.
• Third-quarter revenue rose 28.3% year over year to a record $2.37 billion, beating expectations, while EPS of $5.47 missed the $5.99 consensus and fell from $6.85 a year earlier. Management raised its 2026 revenue outlook.
• Analysts give the stock a consensus “Moderate Buy” rating and an average price target of $642.05; Martin Marietta also increased its quarterly dividend to $0.84 per share.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,864 shares of the construction company's stock, valued at approximately $8,092,000.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Martin Marietta Materials in the 2nd quarter worth approximately $2,706,134,000. Bank of America Corp DE purchased a new position in Martin Marietta Materials during the second quarter valued at $1,411,047,000. Bank of New York Mellon Corp purchased a new position in Martin Marietta Materials during the second quarter valued at $199,321,000. Legal & General Group Plc purchased a new position in Martin Marietta Materials during the second quarter valued at $143,897,000. Finally, Deutsche Bank AG bought a new stake in Martin Marietta Materials in the second quarter worth $130,292,000. 95.04% of the stock is owned by institutional investors.

Key Martin Marietta Materials News

Here are the key news stories impacting Martin Marietta Materials this week:

• Positive Sentiment: Third-quarter revenue reached a record $2.37 billion, up 28.3% year over year and above analyst estimates. Acquisitions helped drive record aggregates volumes and growth in Specialties; the company also reported record EBITDA. Martin Marietta Q3 results and guidance
• Positive Sentiment: Management raised its 2026 revenue outlook, indicating confidence in continued growth, with acquisitions contributing to results. Zacks on Q3 results and outlook
• Negative Sentiment: EPS was $5.47, down from $6.85 a year earlier. It missed some published analyst consensus estimates, although it topped the lower estimate cited by Zacks, making the earnings comparison mixed. Inflationary pressures and debt associated with the Lhoist acquisition were cited as profitability headwinds. Q3 earnings analysis

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MLM. Wolfe Research set a $648.00 target price on Martin Marietta Materials in a research note on Tuesday, August 4th. HSBC lowered their price target on Martin Marietta Materials from $750.00 to $665.00 and set a "buy" rating for the company in a research report on Tuesday, September 8th. Stifel Nicolaus cut their price objective on shares of Martin Marietta Materials from $634.00 to $629.00 and set a "buy" rating on the stock in a research report on Wednesday, October 28th. Stephens cut their price objective on shares of Martin Marietta Materials from $680.00 to $600.00 and set an "overweight" rating on the stock in a research report on Friday, October 2nd. Finally, BNP Paribas Exane reduced their price objective on shares of Martin Marietta Materials from $590.00 to $565.00 and set a "neutral" rating for the company in a research note on Wednesday, September 16th. Fifteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $642.05.

Martin Marietta Materials Stock Performance

MLM stock opened at $556.66 on Thursday. The stock has a market capitalization of $33.44 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.02. Martin Marietta Materials, Inc. has a 12-month low of $464.92 and a 12-month high of $710.97. The company has a current ratio of 1.41, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. The stock's 50 day simple moving average is $503.35 and its 200 day simple moving average is $574.61.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its earnings results on Wednesday, November 4th. The construction company reported $5.47 EPS for the quarter, missing the consensus estimate of $5.99 by ($0.52). The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.24 billion. Martin Marietta Materials had a net margin of 36.73% and a return on equity of 9.49%. The business's revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.85 earnings per share. As a group, research analysts forecast that Martin Marietta Materials, Inc. will post 16.29 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is an increase from Martin Marietta Materials's previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a dividend yield of 0.6%. Martin Marietta Materials's dividend payout ratio is currently 8.26%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc is a supplier of construction materials serving the infrastructure, commercial, residential and industrial markets. The company's primary business is aggregates, including crushed stone, sand and gravel used in roads, bridges, buildings and other construction projects.

Martin Marietta also produces cement, ready-mixed concrete and asphalt products, and provides paving and related construction services in selected markets. Through its Magnesia Specialties business, the company manufactures magnesium-based and dolomitic lime products used in industrial, environmental and agricultural applications.

Headquartered in Raleigh, North Carolina, Martin Marietta Materials became an independent publicly traded company in 1993 following a spin-off from Martin Marietta Corporation.

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