Hunter Associates Investment Management LLC Has $1.28 Million Holdings in Martin Marietta Materials, Inc. $MLM

Hunter Associates Investment Management LLC lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 17.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,329 shares of the construction company’s stock after purchasing an additional 346 shares during the period. Hunter Associates Investment Management LLC’s holdings in Martin Marietta Materials were worth $1,279,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. raised its stake in Martin Marietta Materials by 65.5% during the first quarter. Mather Group LLC. now owns 278 shares of the construction company’s stock worth $133,000 after buying an additional 110 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Martin Marietta Materials by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,007 shares of the construction company’s stock worth $1,457,000 after buying an additional 40 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Martin Marietta Materials by 30.5% during the first quarter. Vontobel Holding Ltd. now owns 933 shares of the construction company’s stock worth $446,000 after buying an additional 218 shares during the last quarter. Atika Capital Management LLC raised its stake in Martin Marietta Materials by 18.1% during the first quarter. Atika Capital Management LLC now owns 55,633 shares of the construction company’s stock worth $26,600,000 after buying an additional 8,533 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Martin Marietta Materials by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 9,576 shares of the construction company’s stock worth $5,257,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 15,417 shares of the company’s stock, valued at approximately $9,455,554.44. This represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Martin Marietta Materials Trading Up 0.2%

NYSE:MLM opened at $614.13 on Monday. 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 firm has a 50-day moving average of $621.58 and a 200-day moving average of $579.89. The company has a market cap of $37.04 billion, a PE ratio of 34.06, a PEG ratio of 5.57 and a beta of 1.01. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $665.18.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Thursday, August 7th. The construction company reported $5.43 EPS for the quarter, missing the consensus estimate 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 revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.76 earnings per share. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, equities research 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 disclosed 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.79. Martin Marietta Materials’s payout ratio is currently 18.41%.

Analyst Ratings Changes

Several research firms have weighed in on MLM. 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. Raymond James Financial lifted their price target on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Stifel Nicolaus lifted their price target 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. Barclays lifted their price target on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, DA Davidson lifted their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus price target of $628.56.

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.