Vanguard Group Inc. Has $4.59 Billion Stock Position in Martin Marietta Materials, Inc. $MLM

Key Points

• Vanguard Group trimmed its stake by 0.9% to 7,373,884 shares, leaving it with a 12.23% ownership of Martin Marietta worth about $4.59 billion at quarter-end.
• Martin Marietta missed quarterly expectations, reporting EPS of $4.62 versus $4.81 expected and revenue of $1.53 billion versus $1.66 billion, though revenue was up 9.3% year‑over‑year.
• Wall Street consensus is a Moderate Buy with an average price target of $692.69, and institutional investors own roughly 95.04% of the stock.

Vanguard Group Inc. lowered its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,373,884 shares of the construction company's stock after selling 69,061 shares during the period. Vanguard Group Inc. owned approximately 12.23% of Martin Marietta Materials worth $4,591,423,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MLM. Integrated Wealth Concepts LLC grew its stake in Martin Marietta Materials by 6.6% during the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company's stock worth $379,000 after purchasing an additional 49 shares during the period. Empowered Funds LLC grew its stake in Martin Marietta Materials by 11.4% in the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company's stock valued at $673,000 after acquiring an additional 144 shares during the period. Sivia Capital Partners LLC grew its stake in Martin Marietta Materials by 11.1% in the second quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company's stock valued at $280,000 after acquiring an additional 51 shares during the period. EverSource Wealth Advisors LLC grew its stake in Martin Marietta Materials by 205.9% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company's stock valued at $143,000 after acquiring an additional 175 shares during the period. Finally, Cresset Asset Management LLC grew its stake in Martin Marietta Materials by 22.6% in the second quarter. Cresset Asset Management LLC now owns 777 shares of the construction company's stock valued at $427,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Wall Street Analysts Forecast Growth

MLM has been the subject of a number of recent research reports. Royal Bank Of Canada restated a "sector perform" rating and set a $630.00 price target on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Citigroup upped their target price on shares of Martin Marietta Materials from $780.00 to $804.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Morgan Stanley lowered their target price on shares of Martin Marietta Materials from $702.00 to $664.00 and set an "overweight" rating on the stock in a report on Monday, April 6th. Stephens cut their target price on Martin Marietta Materials from $740.00 to $735.00 and set an "overweight" rating on the stock in a research report on Friday, February 13th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $785.00 price objective on shares of Martin Marietta Materials in a report on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $692.69.

Martin Marietta Materials Stock Down 0.9%

MLM stock opened at $609.90 on Tuesday. The stock's fifty day simple moving average is $618.45 and its two-hundred day simple moving average is $628.38. The company has a current ratio of 3.57, a quick ratio of 2.36 and a debt-to-equity ratio of 0.53. Martin Marietta Materials, Inc. has a 1-year low of $490.31 and a 1-year high of $710.97. The stock has a market cap of $36.75 billion, a P/E ratio of 32.44, a P/E/G ratio of 2.26 and a beta of 1.19.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the prior year, the firm posted $4.79 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Martin Marietta Materials, Inc. will post 19.51 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd were given a $0.83 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials's payout ratio is currently 17.66%.

Martin Marietta Materials Profile

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.

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