Truist Financial Corp Has $11.79 Million Stock Holdings in Martin Marietta Materials, Inc. $MLM

Truist Financial Corp lowered its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,711 shares of the construction company’s stock after selling 981 shares during the quarter. Truist Financial Corp’s holdings in Martin Marietta Materials were worth $11,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MLM. Little House Capital LLC increased its position in shares of Martin Marietta Materials by 13.1% during the 3rd quarter. Little House Capital LLC now owns 2,667 shares of the construction company’s stock worth $1,681,000 after purchasing an additional 309 shares during the last quarter. Stablepoint Partners LLC grew its stake in shares of Martin Marietta Materials by 7.8% in the third quarter. Stablepoint Partners LLC now owns 2,240 shares of the construction company’s stock valued at $1,412,000 after buying an additional 163 shares in the last quarter. J. Safra Sarasin Holding AG increased its holdings in Martin Marietta Materials by 290.3% during the third quarter. J. Safra Sarasin Holding AG now owns 1,846 shares of the construction company’s stock worth $1,163,000 after buying an additional 1,373 shares during the last quarter. One Wealth Advisors LLC bought a new stake in Martin Marietta Materials during the third quarter worth $222,000. Finally, Phoenix Financial Ltd. acquired a new stake in Martin Marietta Materials in the third quarter valued at $249,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MLM. UBS Group boosted their price objective on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Raymond James Financial lifted their price target on Martin Marietta Materials from $645.00 to $680.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Wells Fargo & Company upped their price objective on Martin Marietta Materials from $610.00 to $631.00 and gave the company an “equal weight” rating in a research note on Thursday. Citigroup raised their price objective on Martin Marietta Materials from $754.00 to $758.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Loop Capital lowered Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 target price on the stock. in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $676.63.

Martin Marietta Materials Trading Down 0.2%

Shares of MLM stock opened at $652.07 on Friday. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $668.83. The company has a market capitalization of $39.33 billion, a PE ratio of 34.37 and a beta of 1.15. The firm has a 50 day moving average price of $634.99 and a two-hundred day moving average price of $618.61. The company has a quick ratio of 2.07, a current ratio of 2.97 and a debt-to-equity ratio of 0.54.

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 firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $2.06 billion. Martin Marietta Materials had a net margin of 17.34% and a return on equity of 11.68%. As a group, analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were given a dividend of $0.83 per share. The ex-dividend date was Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 17.50%.

About Martin Marietta Materials

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.