Martin Marietta Materials, Inc. $MLM Stock Position Raised by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,169 shares of the construction company’s stock after acquiring an additional 135 shares during the period. Quadrant Capital Group LLC’s holdings in Martin Marietta Materials were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. NewSquare Capital LLC grew its position in shares of Martin Marietta Materials by 62.2% during the second quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock worth $33,000 after acquiring an additional 23 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Martin Marietta Materials in the 1st quarter worth about $30,000. Clearstead Trust LLC increased its stake in shares of Martin Marietta Materials by 93.8% in the second quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock valued at $34,000 after purchasing an additional 30 shares during the period. Aspect Partners LLC raised its holdings in shares of Martin Marietta Materials by 540.0% during the second quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock valued at $35,000 after buying an additional 54 shares during the last quarter. Finally, Tobam acquired a new position in shares of Martin Marietta Materials during the second quarter worth approximately $40,000. 95.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MLM. DA Davidson set a $690.00 target price on Martin Marietta Materials in a research note on Thursday, November 6th. Stifel Nicolaus raised their price target on Martin Marietta Materials from $637.00 to $681.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Wednesday, October 8th. Barclays upped 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. Finally, 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. Two research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $644.38.

Martin Marietta Materials Stock Up 0.1%

Shares of MLM stock opened at $623.24 on Friday. 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 quick ratio of 1.21 and a current ratio of 2.35. The business’s fifty day moving average is $618.96 and its 200-day moving average is $592.14. The stock has a market cap of $37.59 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 5.57 and a beta of 1.06.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing the consensus estimate of $6.62 by ($0.65). The firm had revenue of $1.85 billion for 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. Equities analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm 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 (DPR) is 17.50%.

About Martin Marietta Materials

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.