Eagle Capital Management Reduces $195M in Martin Marietta Materials, Inc. ($MLM)

Eagle Capital Management has dramatically reduced its position in Martin Marietta Materials, Inc. (NYSE: MLM), according to its latest Form 13F filing with the SEC. The fund slashed its holdings by 320,284 shares, leaving it with just 470 shares, a significant 99.9% reduction. This move valued Eagle Capital's remaining stake at approximately $282,305 as of the reporting period.

What Changed in Eagle Capital Management's Martin Marietta Materials Position

Eagle Capital Management's decision to cut its stake in Martin Marietta Materials is notable. The fund previously held 320,754 shares, which it reduced to a mere 470 shares. This substantial decrease of 320,284 shares represents a 99.9% drop in its position, reflecting a dramatic shift in its investment strategy for the building materials company.

Other Institutional Activity in Martin Marietta Materials

Other major institutional investors have also been active in Martin Marietta Materials. BlackRock, Inc. increased its holdings by 199,531 shares to a total of 4,685,757 shares, worth about $2.76 billion. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both established substantial positions with 3,917,383 and 3,160,444 shares, respectively, valued at approximately $2.31 billion and $1.86 billion. State Street Corp added 105,848 shares, bringing its total to 2,877,568 shares, valued at around $1.69 billion. FMR LLC, however, trimmed its stake by 313,815 shares to 2,607,979 shares, valued at $1.54 billion.

Martin Marietta Materials, Inc. Stock Up 3.1%

Shares of Martin Marietta Materials traded around $600.65. The company boasts a market cap of about $36.24 billion and a P/E ratio of 37.82, with a forward P/E of 26.35. The stock's 52-week range has seen a low of $525.38 and a high of $710.97. Its 50-day moving average is $590.77, while the 200-day moving average is $618.19. The company maintains a current ratio of 2.28 and a quick ratio of 1.02, with a debt-to-equity ratio of 50.35.

Recent Earnings

Martin Marietta Materials reported revenue of $6.35 billion, showing a growth rate of 17.2%. The company's net margin stands at 39.91%, and its return on equity is 9.47%. The next earnings report is expected on August 6, 2026.

Dividend

The company offers an annual dividend rate of $3.32, yielding 0.55%. Its dividend payout ratio is 20.56%, with the latest ex-dividend date not specified in the data.

Insider Buying and Selling at Martin Marietta Materials, Inc.

Several insiders have been active in recent weeks. On May 29, 2026, insiders Thomas Pike, Martin Lyons, and David Wajsgras each purchased shares at an average price of $581.64. Earlier, on May 14, Dorothy Ables, Laree Perez, and David Wajsgras each acquired 313 shares, though the purchase price was not disclosed.

Analysts Set New Price Targets

Truist Securities maintained a 'buy' rating on May 4, 2026, with a price target of $730. Similarly, Citigroup kept a 'buy' rating with a $731 target. RBC Capital and Wells Fargo both maintained 'hold' ratings, with targets of $615 and $614, respectively. The consensus among analysts is a 'buy' rating, with an average target price of $683.09 based on 23 opinions.

About Martin Marietta Materials

Martin Marietta Materials, Inc. is a leading supplier of building materials based in Raleigh, North Carolina. It operates through its East and West Group segments, providing aggregates like crushed stone, sand, and gravel, as well as ready-mixed concrete, asphalt, and paving services. The company also produces chemicals used in various industries. Founded in 1939, it employs about 9,600 people and is led by CEO Mr. C. Howard Nye J.D.

Bottom Line

Eagle Capital Management's significant reduction in Martin Marietta Materials highlights a major change in its investment approach. The stock remains a key player in the building materials sector, with a strong market presence and active institutional interest. Investors should note that 13F filings like this one reflect past holdings as of the reporting period, not necessarily the current positions.