Vestmark Advisory Solutions Inc. Cuts Stock Holdings in Martin Marietta Materials, Inc. $MLM

Vestmark Advisory Solutions Inc. reduced its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 21.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,517 shares of the construction company’s stock after selling 2,327 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Martin Marietta Materials were worth $4,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC boosted its holdings in Martin Marietta Materials by 62.2% during the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after acquiring an additional 23 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Martin Marietta Materials during the first quarter valued at approximately $30,000. Aspect Partners LLC grew its holdings in shares of Martin Marietta Materials by 540.0% in the second quarter. Aspect Partners LLC now owns 64 shares of the construction company’s stock worth $35,000 after purchasing an additional 54 shares during the last quarter. Salomon & Ludwin LLC increased its stake in shares of Martin Marietta Materials by 156.7% in the second quarter. Salomon & Ludwin LLC now owns 77 shares of the construction company’s stock worth $43,000 after buying an additional 47 shares during the period. Finally, IMA Advisory Services Inc. purchased a new position in shares of Martin Marietta Materials in the first quarter worth $40,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

MLM stock opened at $610.09 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $665.18. The firm has a 50-day moving average of $621.68 and a 200 day moving average of $582.94. The company has a market cap of $36.79 billion, a P/E ratio of 33.84, a PEG ratio of 5.57 and a beta of 1.06.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were paid a $0.83 dividend. 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. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s payout ratio is currently 17.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $525.00 price target (up previously from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Barclays boosted their price target on Martin Marietta Materials from $600.00 to $675.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Bank of America upped their price target on Martin Marietta Materials from $577.00 to $643.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Morgan Stanley lifted their price objective on Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $632.88.

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.