Heartwood Wealth Advisors LLC Takes Position in Martin Marietta Materials, Inc. $MLM

Key Points

• Heartwood Wealth Advisors LLC has acquired a new stake in Martin Marietta Materials, Inc., purchasing 413 shares valued at approximately $227,000 in the second quarter.
• Institutional investors own 95.04% of the stock, indicating strong institutional interest, with several firms increasing their stakes in the first quarter.
• Martin Marietta Materials has increased its quarterly dividend to $0.83 per share, up from the previous $0.79, reflecting a positive change in shareholder returns.

Heartwood Wealth Advisors LLC acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 413 shares of the construction company's stock, valued at approximately $227,000.

Other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in Martin Marietta Materials in the first quarter valued at approximately $29,000. Zions Bancorporation National Association UT bought a new stake in Martin Marietta Materials in the first quarter valued at approximately $30,000. Chilton Capital Management LLC bought a new stake in Martin Marietta Materials in the first quarter valued at approximately $30,000. IMA Advisory Services Inc. bought a new stake in Martin Marietta Materials in the first quarter valued at approximately $40,000. Finally, Valley National Advisers Inc. boosted its holdings in Martin Marietta Materials by 193.9% in the first 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 institutional investors.

Insider Activity

In other news, Director Laree E. Perez sold 1,038 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the sale, the director directly 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 document filed with the SEC, which is available through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Raymond James Financial boosted their price target on Martin Marietta Materials from $600.00 to $645.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. DA Davidson boosted their price target on Martin Marietta Materials from $625.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Bank of America boosted their price target on Martin Marietta Materials from $577.00 to $643.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Stifel Nicolaus boosted their price target on Martin Marietta Materials from $609.00 to $637.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $525.00 price target (up from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and an average target price of $622.63.

Martin Marietta Materials Price Performance

MLM opened at $616.61 on Monday. 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 company has a market capitalization of $37.19 billion, a price-to-earnings ratio of 34.20, a P/E/G ratio of 5.58 and a beta of 0.94. The firm's fifty day moving average price is $594.11 and its two-hundred day moving average price is $543.68. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.44 by ($0.01). The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.88 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.Martin Marietta Materials's revenue was up 2.7% compared to the same quarter last year. 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, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Martin Marietta Materials's previous quarterly dividend of $0.79. Martin Marietta Materials's payout ratio is presently 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.

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