Cwm LLC Raises Stock Position in Martin Marietta Materials, Inc. $MLM

Key Points

• Cwm LLC increased its stake in Martin Marietta Materials by 18.3% during the second quarter, holding a total of 3,730 shares valued at approximately $2,048,000.
• Martin Marietta Materials reported a quarterly earnings per share (EPS) of $5.43, slightly missing analysts' expectations, with revenue totaling $1.81 billion for the quarter.
• The company announced a quarterly dividend increase to $0.83 per share, reflecting a 0.5% yield and a positive change from the previous quarterly dividend of $0.79.

Cwm LLC lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 18.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,730 shares of the construction company's stock after buying an additional 578 shares during the period. Cwm LLC's holdings in Martin Marietta Materials were worth $2,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of Martin Marietta Materials in the 1st quarter worth approximately $29,000. Zions Bancorporation National Association UT purchased a new position in shares of Martin Marietta Materials in the 1st quarter worth approximately $30,000. Chilton Capital Management LLC purchased a new position in shares of Martin Marietta Materials in the 1st quarter worth approximately $30,000. IMA Advisory Services Inc. purchased a new position in shares of Martin Marietta Materials in the 1st quarter worth approximately $40,000. Finally, Valley National Advisers Inc. grew its position in shares of Martin Marietta Materials by 193.9% in the 1st quarter. Valley National Advisers Inc. now owns 97 shares of the construction company's stock worth $45,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Stock Up 0.3%

MLM stock opened at $625.84 on Monday. The firm has a 50 day moving average of $619.15 and a 200 day moving average of $569.26. The stock has a market capitalization of $37.74 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 5.67 and a beta of 1.01. The company has a quick ratio of 1.21, a current ratio of 2.35 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $665.18.

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

Martin Marietta Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Martin Marietta Materials's previous quarterly dividend of $0.79. Martin Marietta Materials's dividend payout ratio (DPR) is presently 18.41%.

Insider Buying and Selling

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the sale, the director directly owned 15,417 shares in the company, valued at approximately $9,455,554.44. The trade was a 6.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

MLM has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Wells Fargo & Company upgraded shares of Martin Marietta Materials to a "hold" rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Martin Marietta Materials in a research note on Wednesday, October 8th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $525.00 target price (up from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $621.69.

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.

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