Martin Marietta Materials, Inc. $MLM Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 7.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 122,952 shares of the construction company’s stock after selling 10,559 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Martin Marietta Materials were worth $67,496,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MLM. Zions Bancorporation National Association UT acquired a new stake in Martin Marietta Materials in the 1st quarter valued at about $30,000. NewSquare Capital LLC increased its position in shares of Martin Marietta Materials by 62.2% in the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after purchasing an additional 23 shares during the last quarter. Aspect Partners LLC boosted its holdings in shares of Martin Marietta Materials by 540.0% in the 2nd quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock valued at $35,000 after buying an additional 54 shares in the last quarter. IMA Advisory Services Inc. acquired a new stake in Martin Marietta Materials during the 1st quarter worth $40,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Martin Marietta Materials by 156.7% in the second quarter. Salomon & Ludwin LLC now owns 77 shares of the construction company’s stock valued at $43,000 after purchasing an additional 47 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $615.27 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.21 and a current ratio of 2.35. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $665.18. The firm has a fifty day moving average of $621.91 and a 200-day moving average of $585.95. The company has a market cap of $37.10 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 5.57 and a beta of 1.06.

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays boosted their price objective on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Wednesday, October 8th. Morgan Stanley boosted their target price on Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $525.00 target price (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Finally, UBS Group raised their target price on Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $644.38.

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.