Martin Marietta Materials (NYSE:MLM) Releases Earnings Results, Misses Expectations By $0.65 EPS

Martin Marietta Materials (NYSE:MLM) issued its quarterly earnings data on Tuesday. The construction company reported $5.97 earnings per share for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65), Zacks reports. Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $2.06 billion. Martin Marietta Materials updated its FY 2025 guidance to EPS.

Martin Marietta Materials Price Performance

NYSE MLM opened at $624.87 on Wednesday. The stock’s 50-day moving average price is $622.02 and its two-hundred day moving average price is $581.69. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. The company has a market cap of $37.68 billion, a PE ratio of 34.66, a PEG ratio of 5.57 and a beta of 1.01. Martin Marietta Materials has a 1 year low of $441.95 and a 1 year high of $665.18.

Martin Marietta Materials Increases Dividend

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

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Institutional Trading of Martin Marietta Materials

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osterweis Capital Management Inc. acquired a new stake in Martin Marietta Materials during the 2nd quarter worth about $37,000. MUFG Securities EMEA plc acquired a new stake in Martin Marietta Materials during the 2nd quarter worth about $98,000. EverSource Wealth Advisors LLC grew its stake in Martin Marietta Materials by 205.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company’s stock valued at $143,000 after acquiring an additional 175 shares in the last quarter. IHT Wealth Management LLC purchased a new position in Martin Marietta Materials during the 2nd quarter valued at about $212,000. Finally, Palisade Capital Management LP purchased a new position in Martin Marietta Materials during the 2nd quarter valued at about $220,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective 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. Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Bank of America boosted their price target on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Barclays boosted their price target on shares of Martin Marietta Materials from $600.00 to $675.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials has an average rating of “Moderate Buy” and an average price target of $628.56.

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.