Harfst & Associates Inc. Has $1.70 Million Stake in Martin Marietta Materials, Inc. $MLM

Harfst & Associates Inc. grew its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 51.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,096 shares of the construction company’s stock after purchasing an additional 1,050 shares during the quarter. Harfst & Associates Inc.’s holdings in Martin Marietta Materials were worth $1,700,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in shares of Martin Marietta Materials by 10.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock valued at $99,000 after purchasing an additional 17 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Martin Marietta Materials by 2.5% in the 2nd quarter. Personal CFO Solutions LLC now owns 787 shares of the construction company’s stock valued at $432,000 after purchasing an additional 19 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Martin Marietta Materials by 1.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,205 shares of the construction company’s stock worth $661,000 after purchasing an additional 21 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in Martin Marietta Materials by 1.9% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,113 shares of the construction company’s stock valued at $666,000 after purchasing an additional 21 shares during the last quarter. Finally, CVA Family Office LLC grew its stake in shares of Martin Marietta Materials by 21.4% during the second quarter. CVA Family Office LLC now owns 125 shares of the construction company’s stock worth $69,000 after buying an additional 22 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Martin Marietta Materials from $670.00 to $700.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Stephens reiterated an “overweight” rating and issued a $700.00 target price on shares of Martin Marietta Materials in a research report on Monday, August 4th. DA Davidson set a $690.00 price target on Martin Marietta Materials in a report on Thursday, November 6th. Stifel Nicolaus upped their price objective on Martin Marietta Materials from $637.00 to $681.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen downgraded shares of Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $644.38.

Martin Marietta Materials Price Performance

Shares of MLM opened at $622.64 on Thursday. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $665.18. 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 $37.55 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 5.57 and a beta of 1.06. The business has a 50-day moving average of $618.84 and a 200-day moving average of $591.11.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing the consensus estimate of $6.62 by ($0.65). The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $2.06 billion. Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be given a dividend of $0.83 per share. The ex-dividend date is Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is 17.50%.

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.