CW Advisors LLC Has $30.05 Million Holdings in Martin Marietta Materials, Inc. $MLM

Key Points

• CW Advisors LLC increased its holdings in Martin Marietta Materials by 1.7%, acquiring an additional 1,026 shares in the first quarter, bringing their total to 62,847 shares valued at approximately $30 million.
• Analysts have raised price targets for the company, with DA Davidson setting a new target of $700.00 and Bank of America adjusting theirs to $643.00, indicating strong market interest.
• Martin Marietta Materials announced a quarterly dividend increase to $0.83 per share, effective September 30th, representing an annualized dividend of $3.32 and a yield of 0.6%.

CW Advisors LLC increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,847 shares of the construction company's stock after buying an additional 1,026 shares during the period. CW Advisors LLC owned 0.10% of Martin Marietta Materials worth $30,052,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Summit Financial LLC raised its stake in shares of Martin Marietta Materials by 4.0% in the first quarter. Summit Financial LLC now owns 760 shares of the construction company's stock worth $363,000 after acquiring an additional 29 shares during the last quarter. Atika Capital Management LLC grew its stake in shares of Martin Marietta Materials by 18.1% during the first quarter. Atika Capital Management LLC now owns 55,633 shares of the construction company's stock valued at $26,600,000 after purchasing an additional 8,533 shares during the last quarter. GDS Wealth Management increased its holdings in shares of Martin Marietta Materials by 86.5% in the first quarter. GDS Wealth Management now owns 11,083 shares of the construction company's stock valued at $5,299,000 after purchasing an additional 5,141 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Martin Marietta Materials in the first quarter valued at approximately $442,000. Finally, Credit Agricole S A raised its position in Martin Marietta Materials by 14.4% in the 1st quarter. Credit Agricole S A now owns 61,597 shares of the construction company's stock worth $29,451,000 after purchasing an additional 7,775 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Trading Up 1.0%

Martin Marietta Materials stock traded up $6.2940 during mid-day trading on Friday, hitting $607.0340. 363,773 shares of the company's stock were exchanged, compared to its average volume of 433,691. The company's 50 day simple moving average is $573.18 and its 200-day simple moving average is $532.93. The company has a quick ratio of 1.21, a current ratio of 2.35 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $36.61 billion, a P/E ratio of 33.67, a PEG ratio of 5.54 and a beta of 0.89. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.44 by ($0.01). Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $4.76 earnings per share. The firm's revenue was up 2.7% compared to the same quarter last year. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. This is a positive change from Martin Marietta Materials's previous quarterly dividend of $0.79. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Martin Marietta Materials's payout ratio is currently 17.53%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MLM. DA Davidson upped their price target on Martin Marietta Materials from $625.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Bank of America upped their target price on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Stifel Nicolaus lifted their target price on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Stephens reissued an "overweight" rating and issued a $700.00 price target on shares of Martin Marietta Materials in a research note on Monday, August 4th. Finally, UBS Group raised Martin Marietta Materials from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $548.00 to $634.00 in a research note on Friday, May 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Martin Marietta Materials currently has a consensus rating of "Moderate Buy" and a consensus price target of $622.63.

Insider Activity

In related news, Director Laree E. Perez sold 1,038 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $613.32, for a total value of $636,626.16. Following the completion of the transaction, the director directly owned 15,417 shares of the company's stock, valued at approximately $9,455,554.44. This represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is owned by corporate insiders.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.