500 Shares in Martin Marietta Materials, Inc. $MLM Acquired by Mariner Investment Group LLC

Mariner Investment Group LLC purchased a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 500 shares of the construction company's stock, valued at approximately $274,000.

Several other large investors have also recently made changes to their positions in MLM. Wayfinding Financial LLC purchased a new stake in shares of Martin Marietta Materials during the first quarter worth approximately $29,000. Chilton Capital Management LLC acquired a new stake in shares of Martin Marietta Materials in the 1st quarter worth $30,000. Zions Bancorporation National Association UT purchased a new position in shares of Martin Marietta Materials during the 1st quarter worth $30,000. IMA Advisory Services Inc. purchased a new position in shares of Martin Marietta Materials during the 1st quarter worth $40,000. Finally, Valley National Advisers Inc. boosted its position in shares of Martin Marietta Materials by 193.9% during the 1st quarter. Valley National Advisers Inc. now owns 97 shares of the construction company's stock valued at $45,000 after acquiring an additional 64 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Martin Marietta Materials

In related news, Director Laree E. Perez sold 1,038 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the transaction, the director owned 15,417 shares of the company's stock, valued at approximately $9,455,554.44. This represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company's stock.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $614.18 on Friday. The stock has a market cap of $37.04 billion, a PE ratio of 34.06, a P/E/G ratio of 5.51 and a beta of 0.94. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23. The stock has a fifty day simple moving average of $605.08 and a 200-day simple moving average of $552.54.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its 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 return on equity of 11.88% and a net margin of 16.47%.The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company posted $4.76 EPS. Martin Marietta Materials's revenue was up 2.7% on a year-over-year basis. Martin Marietta Materials has set its FY 2025 guidance at EPS. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Martin Marietta Materials's previous quarterly dividend of $0.79. Martin Marietta Materials's dividend payout ratio is currently 18.41%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Stifel Nicolaus raised their price objective on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Morgan Stanley raised their price objective on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. DA Davidson increased 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. Finally, Royal Bank Of Canada reiterated 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 analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $622.63.

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.

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