Freestone Capital Holdings LLC Buys New Shares in Martin Marietta Materials, Inc. $MLM

Freestone Capital Holdings LLC bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 373 shares of the construction company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MLM. Wayfinding Financial LLC acquired a new position in Martin Marietta Materials in the first quarter valued at $29,000. Zions Bancorporation National Association UT acquired a new position in Martin Marietta Materials in the first quarter valued at $30,000. IMA Advisory Services Inc. acquired a new position in Martin Marietta Materials in the first quarter valued at $40,000. Salomon & Ludwin LLC lifted its holdings in Martin Marietta Materials by 156.7% in the second quarter. Salomon & Ludwin LLC now owns 77 shares of the construction company’s stock valued at $43,000 after buying an additional 47 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in Martin Marietta Materials in the second quarter valued at $55,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Trading Down 2.3%

NYSE:MLM opened at $610.61 on Thursday. 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 $621.89 and a 200-day moving average of $581.89. The company has a market cap of $36.82 billion, a PE ratio of 33.87, 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 Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing the consensus estimate of $6.62 by ($0.65). The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $2.06 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%. 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%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MLM. Stephens restated an “overweight” rating and issued a $700.00 target price on shares of Martin Marietta Materials in a report on Monday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $525.00 price objective (up previously from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. Wells Fargo & Company upgraded shares of Martin Marietta Materials to a “hold” rating in a report on Wednesday, October 8th. DA Davidson upped their price objective on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Raymond James Financial upped their price objective on shares of Martin Marietta Materials from $645.00 to $680.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Martin Marietta Materials presently has an average rating of “Moderate Buy” and a consensus target price of $628.56.

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 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.