Vanguard Trims Martin Marietta Stake to 14.4%

TL;DR

**Vanguard cut its stake in Martin Marietta to 14.4%, watch for other institutional moves.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Martin Marietta Materials Inc. As of December 29, 2023, Vanguard beneficially owned 8,973,619 shares of Martin Marietta's Common Stock, representing 14.4% of the company. This filing indicates a slight decrease in Vanguard's reported stake from its previous filing, which matters to investors as large institutional ownership changes can influence stock perception and liquidity.

Why It Matters

This filing shows that a major institutional investor, Vanguard, has slightly reduced its stake in Martin Marietta Materials, which could signal a shift in their investment strategy or outlook for the company.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically poses low risk, as it doesn't indicate a fundamental problem with the company.

Analyst Insight

An investor should note Vanguard's slight reduction in ownership, but recognize that a 14.4% stake still represents significant institutional confidence. Monitor future institutional filings for a clearer trend.

Key Numbers

• 8,973,619 — Shares Beneficially Owned (This is the total number of Martin Marietta Materials Inc. common stock shares Vanguard reported owning as of December 29, 2023.)
• 14.4% — Percentage of Class (This represents the percentage of Martin Marietta Materials Inc. common stock that Vanguard beneficially owns, indicating a significant institutional holding.)
• 11 — Amendment Number (This is the 11th amendment to Vanguard's Schedule 13G filing for Martin Marietta Materials Inc., showing ongoing adjustments to their reported stake.)
• 20240213 — Filing Date (This is the date the SC 13G/A was filed, providing the most recent public disclosure of Vanguard's position.)
• 573284106 — CUSIP Number (This unique identifier confirms the specific class of securities (Common Stock) of Martin Marietta Materials Inc. to which the filing pertains.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Martin Marietta Materials Inc (company) — subject company whose shares are being reported
• 8,973,619 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 14.4% (dollar_amount) — percentage of common stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard's slight reduction in stake may lead to minor short-term price volatility for Martin Marietta Materials Inc. (Martin Marietta Materials Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• tv01408-martinmariettamateri.htm (SC 13G/A) — 11KB
• 0001104659-24-021419.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Martin Marietta Materials Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 4123 Parklake Avenue Raleigh, NC 27607-3033

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 573284106

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR