Kornitzer Capital Management Inc. KS acquires 2,339 Shares of Martin Marietta Materials, Inc. $MLM. November 8, 2026 Key points. * Kornitzer Capital Management increased its Martin Marietta stake 7.9%, buying 2,339 shares to hold 31,830 shares worth about $15.3 million; institutional investors own 95.04% of the stock. * Analysts' average rating is "Moderate Buy," with a $642.60 average price target, despite several recent downgrades and sell ratings. * Quarterly earnings were mixed: Martin Marietta reported $5.47 per share, below the $5.99 estimate, while revenue rose 28.3% year over year to $2.37 billion. * Interested in Martin Marietta Materials? Here are five stocks we like better. Kornitzer Capital Management Inc. KS increased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,830 shares of the construction company's stock after purchasing an additional 2,339 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.05% of Martin Marietta Materials worth $15,272,000 at the end of the most recent quarter. Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Martin Marietta Materials during the 2nd quarter worth approximately $2,706,134,000. Bank of America Corp DE acquired a new stake in shares of Martin Marietta Materials during the 2nd quarter worth approximately $1,411,047,000. Bank of New York Mellon Corp acquired a new stake in shares of Martin Marietta Materials during the 2nd quarter worth approximately $199,321,000. Legal & General Group Plc bought a new stake in shares of Martin Marietta Materials in the 2nd quarter valued at $143,897,000. Finally, Deutsche Bank AG bought a new stake in shares of Martin Marietta Materials in the 2nd quarter valued at $130,292,000. 95.04% of the stock is currently owned by institutional investors. Analysts set new price targets. MLM has been the topic of a number of research reports. Sanford C. Bernstein downgraded shares of Martin Marietta Materials to an "underweight" rating in a research report on Wednesday, September 2nd. Zacks Research cut shares of Martin Marietta Materials from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 20th. Wolfe Research set a $648.00 price target on shares of Martin Marietta Materials in a report on Tuesday, August 4th. Stephens decreased their price target on shares of Martin Marietta Materials from $680.00 to $600.00 and set an "overweight" rating for the company in a research note on Friday, October 2nd. Finally, Wall Street Zen lowered shares of Martin Marietta Materials from a "sell" rating to a "strong sell" rating in a report on Saturday. Fifteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials has an average rating of "Moderate Buy" and an average price target of $642.60. Discover more MarketBeat All Access MarketBeat Portfolio Tracker MarketBeat Research Tools Martin Marietta Materials stock down 2.0%. Shares of NYSE MLM opened at $517.36 on Friday. The stock has a market capitalization of $36.79 billion, a P/E ratio of 13.69, a P/E/G ratio of 2.69 and a beta of 1.02. The company has a 50-day moving average price of $503.01 and a 200-day moving average price of $573.42. Martin Marietta Materials, Inc. has a 1 year low of $464.92 and a 1 year high of $710.97. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.63 and a quick ratio of 0.73. Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its earnings results on Wednesday, November 4th. The construction company reported $5.47 earnings per share for the quarter, missing analysts' consensus estimates of $5.99 by ($0.52). Martin Marietta Materials had a return on equity of 7.96% and a net margin of 31.88%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company earned $6.85 EPS. The company's revenue was up 28.3% on a year-over-year basis. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 16.58 EPS for the current fiscal year. Martin Marietta Materials increases dividend. The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.36 dividend on an annualized basis and a yield of 0.6%. This is an increase from Martin Marietta Materials's previous quarterly dividend of $0.83. Martin Marietta Materials's dividend payout ratio is presently 8.89%. About Martin Marietta Materials. Martin Marietta Materials, Inc is a U.S.-based supplier of building materials used in construction and infrastructure projects. Its products include crushed stone, sand and gravel, cement, ready-mixed concrete and asphalt. The company also produces specialty products through its magnesia-based business, including lime, chemicals and products used in industrial and environmental applications. Its construction materials operations serve markets across the United States. Martin Marietta traces its roots to 1939 and has grown through acquisitions and expansion of its materials operations. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Martin Marietta Materials, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Martin Marietta Materials wasn't on the list. While Martin Marietta Materials currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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Martin Marietta Materials (NYSE:MLM) stock price expected to rise, Citigroup analyst says. Martin Marietta Materials (NYSE:MLM - Get Free Report) had its target price raised by Citigroup from $610.00 to $641.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Citigroup's target price indicates a potential upside of 23.90% from the stock's previous close. A number of other research firms also recently weighed in on MLM. Morgan Stanley decreased their price objective on Martin Marietta Materials from $664.00 to $639.00 and set an "overweight" rating for the company in a report on Thursday, August 13th. Sanford C. Bernstein downgraded Martin Marietta Materials to an "underweight" rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. reduced their price target on Martin Marietta Materials from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 13th. Royal Bank Of Canada decreased their price target on Martin Marietta Materials from $530.00 to $520.00 and set a "sector perform" rating for the company in a research note on Friday. Finally, UBS Group lowered their price objective on Martin Marietta Materials from $715.00 to $662.00 and set a "buy" rating for the company in a research report on Thursday, October 8th. Fifteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $642.60. Martin Marietta Materials trading down 2.0%. MLM traded down $10.47 during trading on Friday, reaching $517.36. 1,002,984 shares of the company's stock were exchanged, compared to its average volume of 627,721. Martin Marietta Materials has a one year low of $464.92 and a one year high of $710.97. The company has a current ratio of 1.63, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $31.08 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. The firm has a fifty day moving average price of $503.24 and a two-hundred day moving average price of $573.99. Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The construction company reported $5.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.99 by ($0.52). The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.24 billion. Martin Marietta Materials had a net margin of 31.88% and a return on equity of 7.96%. Martin Marietta Materials's revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the business posted $6.85 EPS. As a group, equities research analysts forecast that Martin Marietta Materials will post 16.29 earnings per share for the current fiscal year. Institutional inflows and outflows. A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AMG National Trust Bank lifted its stake in Martin Marietta Materials by 3.6% in the first quarter. AMG National Trust Bank now owns 495 shares of the construction company's stock valued at $291,000 after buying an additional 17 shares during the period. AlTi Global Inc. boosted its holdings in shares of Martin Marietta Materials by 1.2% during the 1st quarter. AlTi Global Inc. now owns 1,496 shares of the construction company's stock worth $881,000 after buying an additional 18 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Martin Marietta Materials by 67.9% during the 1st quarter. Meeder Asset Management Inc. now owns 47 shares of the construction company's stock worth $28,000 after buying an additional 19 shares in the last quarter. Castle Wealth Management LLC grew its position in shares of Martin Marietta Materials by 2.2% during the 1st quarter. Castle Wealth Management LLC now owns 1,082 shares of the construction company's stock worth $637,000 after buying an additional 23 shares during the period. Finally, Western Wealth Management LLC grew its position in shares of Martin Marietta Materials by 5.1% during the 1st quarter. Western Wealth Management LLC now owns 559 shares of the construction company's stock worth $329,000 after buying an additional 27 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds. Martin Marietta Materials company profile. Martin Marietta Materials, Inc is a supplier of construction materials serving the infrastructure, commercial, residential and industrial markets. The company's primary business is aggregates, including crushed stone, sand and gravel used in roads, bridges, buildings and other construction projects. Martin Marietta also produces cement, ready-mixed concrete and asphalt products, and provides paving and related construction services in selected markets. Through its Magnesia Specialties business, the company manufactures magnesium-based and dolomitic lime products used in industrial, environmental and agricultural applications. Headquartered in Raleigh, North Carolina, Martin Marietta Materials became an independent publicly traded company in 1993 following a spin-off from Martin Marietta Corporation. Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.

Cravath promotes 11 to partner in largest round for six years. Five make the grade in Cravath's corporate department and six move up in the litigation practice 06 November 2026 Cravath Swaine & Moore has promoted 11 lawyers to partner in its latest round, the firm's largest in six years. The round, effective on 1 January 2027, includes six women and five men and matches the firm's record of 11 promotions it set in 2020. Six have moved up in the firm's litigation department and five in its corporate department, which advised on M&A deals worth nearly $170bn in the first nine months of the year and in September made the headline-grabbing hire of Weil's former corporate chair, Michael Aiello, alongside five other M&A partners. Advertisement Most of those promoted - eight - are based in the firm's New York headquarters, with two moving up in Washington DC and one in London. In New York, venture capital and growth equity specialist Virginia Anderson and Kathryn Kennedy Bleday, who focuses on credit and banking matters, have been promoted in the corporate department. The New York litigation team has welcomed Katherine DuBois, Daniel Ottaunick, Madalyn Vaughn and Kathleen Young, who focus on antitrust and general commercial matters, alongside IP litigator Jonathan Mooney and Scott Reents, who specialises in advising on the application of AI and other advanced technologies to legal practice. In Washington DC, financial institutions lawyer Lucas Edward Beirne and corporate governance lawyer Lisa Kohl have moved up in the corporate department, with the London promotion going to Lawrence Verhelst, whose practice spans finance and capital markets. LAW OVER BORDERS COMPARATIVE GUIDES Restructuring & Insolvency Law Guide Restructuring and insolvency law is evolving rapidly in today's volatile economic landscape... | 1yr. Cravath's approximately 530 lawyers brought in revenue of $1.2bn in 2025, according to data published by law.com, with profit per equity partner standing at $6.9m. The promotions follow a period of comparative churn in Cravath's partnership, which used to be virtually immune to departures but has seen rainmakers exit in recent years amid intense competition for talent among leading law firms. There have been at least 10 exits in 2026, among them the firm's head of private equity, Peter Feist, who rejoined Weil in September ahead of the firm's decision to wind down. George Schoen, Cravath's former global M&A co-chair, joined US building materials supplier Martin Marietta as GC in February, while Scott Bennett, who had been co-head of Cravath's venture capital and growth equity and digital assets practices in New York, left for Sidley Austin in April.