B. Metzler seel. Sohn & Co. AG Invests $1.26 Million in Martin Marietta Materials, Inc. $MLM

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 2,188 shares of Martin Marietta Materials valued at approximately $1.26 million. Institutional investors collectively own 95.04% of the company.
• Martin Marietta reported quarterly earnings of $5.00 per share and revenue of $1.95 billion, exceeding analyst expectations, while revenue increased 21% year over year.
• The company raised its quarterly dividend to $0.84 per share, equivalent to a $3.36 annualized payout and a 0.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $668.53.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,188 shares of the construction company's stock, valued at approximately $1,262,000.

Other large investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in Martin Marietta Materials by 6.6% in the first quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company's stock valued at $379,000 after buying an additional 49 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Martin Marietta Materials by 11.4% during the first quarter. Empowered Funds LLC now owns 1,408 shares of the construction company's stock worth $673,000 after buying an additional 144 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Martin Marietta Materials by 11.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company's stock valued at $280,000 after acquiring an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Martin Marietta Materials by 205.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the construction company's stock worth $143,000 after acquiring an additional 175 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in Martin Marietta Materials by 22.6% in the second quarter. Cresset Asset Management LLC now owns 777 shares of the construction company's stock valued at $427,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Trading Up 0.1%

Shares of MLM stock opened at $535.28 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 1.41. The company has a market capitalization of $32.15 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.31 and a beta of 1.11. Martin Marietta Materials, Inc. has a 52-week low of $522.19 and a 52-week high of $710.97. The company has a 50-day simple moving average of $569.66 and a two-hundred day simple moving average of $595.62.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $5.00 earnings per share for the quarter, topping analysts' consensus estimates of $4.76 by $0.24. Martin Marietta Materials had a return on equity of 9.49% and a net margin of 36.73%.The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $5.43 EPS. The company's revenue was up 21.0% compared to the same quarter last year. Research analysts anticipate that Martin Marietta Materials, Inc. will post 19.07 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st will be given a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 1st. This is an increase from Martin Marietta Materials's previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a yield of 0.6%. Martin Marietta Materials's dividend payout ratio (DPR) is currently 8.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MLM shares. JPMorgan Chase & Co. cut their price objective on Martin Marietta Materials from $700.00 to $680.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Oppenheimer assumed coverage on shares of Martin Marietta Materials in a report on Thursday, May 28th. They set a "market perform" rating for the company. Wells Fargo & Company lowered their target price on shares of Martin Marietta Materials from $616.00 to $581.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Wolfe Research set a $648.00 price target on shares of Martin Marietta Materials in a research report on Tuesday, August 4th. Finally, Morgan Stanley decreased their price target 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. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and a consensus price target of $668.53.

Martin Marietta Materials Profile

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.

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