2,208 Shares in Martin Marietta Materials, Inc. $MLM Bought by Stance Capital LLC

Stance Capital LLC purchased a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,208 shares of the construction company’s stock, valued at approximately $1,375,000.

Several other institutional investors have also bought and sold shares of MLM. Integrated Wealth Concepts LLC lifted its holdings in shares of Martin Marietta Materials by 6.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock valued at $379,000 after acquiring an additional 49 shares during the last quarter. Empowered Funds LLC raised its position in Martin Marietta Materials by 11.4% during the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock valued at $673,000 after purchasing an additional 144 shares during the period. Sivia Capital Partners LLC raised its position in Martin Marietta Materials by 11.1% during the second quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock valued at $280,000 after purchasing an additional 51 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Martin Marietta Materials by 205.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company’s stock valued at $143,000 after purchasing an additional 175 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its stake in shares of Martin Marietta Materials by 22.6% in the 2nd quarter. Cresset Asset Management LLC now owns 777 shares of the construction company’s stock valued at $427,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

MLM has been the topic of several analyst reports. Truist Financial boosted their target price on Martin Marietta Materials from $710.00 to $730.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Barclays reduced their target price on Martin Marietta Materials from $675.00 to $640.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Berenberg Bank set a $556.00 price objective on shares of Martin Marietta Materials and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Royal Bank Of Canada lowered their price target on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating for the company in a report on Monday, May 4th. Finally, Raymond James Financial set a $690.00 price objective on Martin Marietta Materials in a report on Monday, April 27th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $681.94.

Martin Marietta Materials Stock Up 0.0%

Shares of Martin Marietta Materials stock opened at $609.20 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.28 and a quick ratio of 1.11. The stock has a market cap of $36.58 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 2.58 and a beta of 1.10. The firm’s 50-day moving average is $589.25 and its two-hundred day moving average is $618.24. Martin Marietta Materials, Inc. has a 1 year low of $525.38 and a 1 year high of $710.97.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.90 EPS. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 19.41 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be given 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 Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is 7.91%.

About Martin Marietta Materials

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.