Coronation Fund Managers 13F: New $8.4M Stake in MLM

On October 27, 2026, Coronation Fund Managers took a new position in Martin Marietta Materials, Inc. (MLM), acquiring 17,572 shares valued at approximately $8.4 million. This information comes from the fund's latest Form 13F filing with the SEC.

MLM Martin Marietta Materials, Inc.

$503.69 ▼ -20.27% year to date

1M 3M YTD

Daily close · Oct 27, 2026

What Changed in Coronation Fund Managers' Martin Marietta Materials Position

Coronation Fund Managers opened a new position with 17,572 shares, marking a total investment of about $8.4 million. This new stake represents 0.48% of the fund's reported value of $1.75 billion and ranks 24th among the 49 positions held by the fund.

Where Martin Marietta Fits in Coronation Fund Managers' Portfolio

The new position in Martin Marietta is relatively small, making up 0.48% of Coronation's total portfolio. With a rank of 24 out of 49 positions, it reflects a strategic addition to their holdings.

Other Institutional Activity in Martin Marietta Materials

Principal Financial Group, Inc. holds 2,116,369 shares, valued at about $1.07 billion, after increasing its stake by 22,405 shares. Victory Capital Management Inc. has 1,783,432 shares worth approximately $898.3 million, having added 146,355 shares. Aristotle Capital Management, LLC reduced its stake by 123,566 shares, bringing its total to 1,831,597 shares, valued at about $922.6 million.

Martin Marietta Materials, Inc. Stock Holds Steady

Martin Marietta's shares closed at $503.69 on October 27, 2026, which is about equal to its recent trading price. The stock is currently below its 52-week high of $710.97, down about 29.2%. However, it trades above its 52-week low of $464.92, reflecting an 8.3% increase from that level.

Recent Earnings

For the trailing twelve months, Martin Marietta reported revenue of approximately $6.69 billion and an EPS of $15.38. The next earnings report is expected on November 4, 2026.

Dividend

Martin Marietta pays an annual dividend rate of $3.36 per share, resulting in a yield of about 0.67% with a payout ratio of 21.6%.

Analysts Set New Price Targets

On October 5, 2026, Wells Fargo maintained an Overweight rating with a target price of $579.00. UBS also maintained a Buy rating with a target of $662.00 on October 8, 2026. The consensus among analysts suggests a mean price target of $631.17, with 24 opinions available.

About Martin Marietta Materials

Martin Marietta Materials, Inc. is a company that supplies aggregates and heavy-side building materials essential for construction. The firm operates in the United States and internationally, focusing on providing quality materials to the building industry.

Bottom Line

Investors should keep an eye on Martin Marietta's upcoming earnings report on November 4, 2026. As Coronation Fund Managers continues to adjust its positions, this new stake may indicate a growing interest in Martin Marietta's potential for growth.