Daymark Wealth Partners LLC Takes Position in Martin Marietta Materials, Inc. $MLM

Daymark Wealth Partners LLC acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 431 shares of the construction company’s stock, valued at approximately $237,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Martin Marietta Materials during the first quarter worth approximately $29,000. Zions Bancorporation National Association UT acquired a new position in shares of Martin Marietta Materials in the first quarter valued at approximately $30,000. Chilton Capital Management LLC acquired a new position in shares of Martin Marietta Materials in the first quarter valued at approximately $30,000. Salomon & Ludwin LLC grew its holdings in Martin Marietta Materials by 156.7% during the second quarter. Salomon & Ludwin LLC now owns 77 shares of the construction company’s stock worth $43,000 after acquiring an additional 47 shares during the period. Finally, IMA Advisory Services Inc. acquired a new position in Martin Marietta Materials during the first quarter worth $40,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

NYSE MLM opened at $614.13 on Friday. The business’s 50-day moving average price is $621.58 and its 200 day moving average price is $578.72. 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 $665.18. The company has a market capitalization of $37.04 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 5.57 and a beta of 1.01.

Martin Marietta Materials (NYSE:MLM) last issued 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 business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $4.76 earnings per share. 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. On average, research analysts predict 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 was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was 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 18.41%.

Insider Transactions at Martin Marietta Materials

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

Analysts Set New Price Targets

MLM has been the topic of a number of recent analyst reports. Wall Street Zen raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Stephens restated an “overweight” rating and issued a $700.00 price objective on shares of Martin Marietta Materials in a research report on Monday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a research report on Wednesday, October 8th. Bank of America upped their price objective on Martin Marietta Materials from $577.00 to $643.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Morgan Stanley upped their price objective on Martin Marietta Materials from $576.00 to $605.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $628.56.

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.