Hilltop National Bank Invests $145,000 in Martin Marietta Materials, Inc. $MLM

Hilltop National Bank bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 265 shares of the construction company’s stock, valued at approximately $145,000.

A number of other large investors have also added to or reduced their stakes in MLM. Triad Wealth Partners LLC purchased a new position in shares of Martin Marietta Materials in the second quarter valued at about $212,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Martin Marietta Materials by 48.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,381 shares of the construction company’s stock worth $6,797,000 after purchasing an additional 4,054 shares during the last quarter. TFG Advisers LLC increased its holdings in Martin Marietta Materials by 5.4% during the 2nd quarter. TFG Advisers LLC now owns 590 shares of the construction company’s stock valued at $324,000 after purchasing an additional 30 shares during the period. ASR Vermogensbeheer N.V. raised its position in Martin Marietta Materials by 6.9% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 1,507 shares of the construction company’s stock valued at $827,000 after purchasing an additional 97 shares during the last quarter. Finally, LBP AM SA purchased a new stake in Martin Marietta Materials in the 2nd quarter worth approximately $499,000. Institutional investors own 95.04% of the company’s stock.

Insider Activity at Martin Marietta Materials

In related news, Director Laree E. Perez sold 1,038 shares of the business’s 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 completion of the transaction, the director directly owned 15,417 shares in the company, valued at $9,455,554.44. The trade was a 6.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $635.61 on Friday. The company has a 50 day simple moving average of $610.18 and a two-hundred day simple moving average of $558.16. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $637.36. The company has a market capitalization of $38.33 billion, a price-to-earnings ratio of 35.25, a P/E/G ratio of 5.75 and a beta of 1.01. 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 (NYSE:MLM) last posted its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share for the quarter, missing the consensus estimate of $5.44 by ($0.01). The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.76 EPS. Martin Marietta Materials has set its FY 2025 guidance at EPS. Analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.5%. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Tuesday, September 2nd. Martin Marietta Materials’s dividend payout ratio is presently 18.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Martin Marietta Materials from $609.00 to $637.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Martin Marietta Materials in a research report on Saturday, September 27th. Morgan Stanley upped their price objective on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. DA Davidson lifted their target price on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Raymond James Financial increased their price target on shares of Martin Marietta Materials from $600.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $622.63.

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.