Triad Wealth Partners LLC Invests $212,000 in Martin Marietta Materials, Inc. $MLM

Triad Wealth Partners LLC acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 386 shares of the construction company’s stock, valued at approximately $212,000.

A number of other institutional investors have also modified their holdings of MLM. American Century Companies Inc. grew its position in shares of Martin Marietta Materials by 1,880.3% during the 1st quarter. American Century Companies Inc. now owns 369,382 shares of the construction company’s stock valued at $176,613,000 after buying an additional 350,729 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Martin Marietta Materials by 10.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,944,694 shares of the construction company’s stock valued at $1,407,947,000 after buying an additional 268,928 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Martin Marietta Materials by 39.2% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 659,363 shares of the construction company’s stock valued at $315,261,000 after purchasing an additional 185,731 shares during the period. Vanguard Group Inc. boosted its stake in Martin Marietta Materials by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company’s stock valued at $3,510,602,000 after purchasing an additional 168,175 shares during the period. Finally, Nuveen LLC acquired a new position in Martin Marietta Materials during the 1st quarter valued at about $73,020,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Trading Up 1.2%

Shares of NYSE:MLM opened at $635.61 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $637.36. The firm has a market cap of $38.33 billion, a P/E ratio of 35.25, a P/E/G ratio of 5.75 and a beta of 1.01. The company has a 50 day moving average of $610.18 and a 200-day moving average of $558.16. 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 (NYSE:MLM) last issued its earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.01). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.88 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.76 earnings per share. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal 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 given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.5%. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date was Tuesday, September 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 18.41%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MLM. Stifel Nicolaus boosted their target price on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Royal Bank Of Canada reissued a “sector perform” rating and set a $525.00 target price (up from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Morgan Stanley boosted their target price on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Raymond James Financial boosted their target price on shares of Martin Marietta Materials from $600.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus target price of $622.63.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $613.32, for a total value of $636,626.16. Following the transaction, the director owned 15,417 shares in the company, valued at approximately $9,455,554.44. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

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.