IFM Investors Pty Ltd Has $6.12 Million Stock Holdings in Martin Marietta Materials, Inc. $MLM

Key Points

• IFM Investors Pty Ltd increased its stake in Martin Marietta Materials by 7.2% during the second quarter, acquiring an additional 745 shares, bringing its total holdings to 11,146 shares valued at approximately $6.12 million.
• Director Laree E. Perez sold 1,038 shares of Martin Marietta at an average price of $613.32, resulting in a decrease of their ownership by 6.31%.
• Martin Marietta Materials recently declared a quarterly dividend of $0.83 per share, an increase from the previous dividend of $0.79, with a payout ratio of 18.41%.

IFM Investors Pty Ltd boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,146 shares of the construction company's stock after purchasing an additional 745 shares during the period. IFM Investors Pty Ltd's holdings in Martin Marietta Materials were worth $6,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Martin Marietta Materials in the 1st quarter valued at $29,000. Chilton Capital Management LLC acquired a new stake in shares of Martin Marietta Materials during the 1st quarter worth about $30,000. Zions Bancorporation National Association UT bought a new position in Martin Marietta Materials in the 1st quarter valued at about $30,000. IMA Advisory Services Inc. bought a new stake in Martin Marietta Materials during the 1st quarter worth approximately $40,000. Finally, Valley National Advisers Inc. lifted 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 period. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MLM has been the subject of a number of analyst reports. Raymond James Financial raised their price objective on shares of Martin Marietta Materials from $600.00 to $645.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Morgan Stanley lifted their price objective on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Stifel Nicolaus increased their price objective on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded Martin Marietta Materials from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Bank of America increased their target price on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $622.63.

Martin Marietta Materials Price Performance

Shares of MLM stock traded down $2.95 during mid-day trading on Tuesday, hitting $616.89. 82,058 shares of the stock were exchanged, compared to its average volume of 466,540. The firm has a fifty day moving average of $600.47 and a 200 day moving average of $549.70. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The company has a market cap of $37.20 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 5.61 and a beta of 0.94. The company has a quick ratio of 1.21, a current ratio of 2.35 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings results 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). 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 quarter in the prior year, the business earned $4.76 EPS. The firm's quarterly revenue was up 2.7% on a year-over-year basis. Martin Marietta Materials has set its FY 2025 guidance at EPS. Research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. This is a boost from Martin Marietta Materials's previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Tuesday, September 2nd. Martin Marietta Materials's payout ratio is currently 18.41%.

Insider Activity

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $613.32, for a total value of $636,626.16. Following the sale, the director owned 15,417 shares of the company's stock, valued at $9,455,554.44. This represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is owned by company insiders.

Martin Marietta Materials Company 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.