EntryPoint Capital LLC Makes New $442,000 Investment in Martin Marietta Materials, Inc. $MLM

Key Points

• EntryPoint Capital LLC has acquired 924 shares of Martin Marietta Materials, valued at approximately $442,000, indicating increased institutional interest in the company.
• Martin Marietta recently reported a quarterly earnings per share (EPS) of $5.43, slightly missing analyst expectations, with revenue reaching $1.81 billion, up 2.7% from the previous year.
• The company announced a quarterly dividend increase to $0.83 per share, up from $0.79, which reflects a commitment to returning value to shareholders amidst its operational growth.

EntryPoint Capital LLC bought a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 924 shares of the construction company's stock, valued at approximately $442,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC lifted its holdings in Martin Marietta Materials by 1.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock worth $527,000 after buying an additional 19 shares in the last quarter. Net Worth Advisory Group increased its position in shares of Martin Marietta Materials by 2.2% in the 1st quarter. Net Worth Advisory Group now owns 993 shares of the construction company's stock valued at $475,000 after purchasing an additional 21 shares during the last quarter. PDS Planning Inc increased its position in shares of Martin Marietta Materials by 4.9% in the 1st quarter. PDS Planning Inc now owns 452 shares of the construction company's stock valued at $216,000 after purchasing an additional 21 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of Martin Marietta Materials by 3.5% in the 1st quarter. Financial Management Professionals Inc. now owns 652 shares of the construction company's stock valued at $312,000 after purchasing an additional 22 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Martin Marietta Materials by 5.4% in the 4th quarter. Wellington Management Group LLP now owns 448 shares of the construction company's stock valued at $231,000 after purchasing an additional 23 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of the firm's stock in a transaction 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 transaction, the director directly owned 15,417 shares of the company's stock, valued at approximately $9,455,554.44. This trade represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.69% of the company's stock.

Martin Marietta Materials Stock Up 1.0%

Shares of NYSE MLM traded up $6.2940 during mid-day trading on Friday, reaching $607.0340. The company had a trading volume of 363,773 shares, compared to its average volume of 433,691. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. The firm has a 50 day simple moving average of $573.18 and a two-hundred day simple moving average of $532.93. The stock has a market cap 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 52-week low of $441.95 and a 52-week high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its earnings results on Thursday, August 7th. The construction company reported $5.43 EPS for the quarter, missing analysts' consensus estimates of $5.44 by ($0.01). The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.88 billion. Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $4.76 earnings per share. Martin Marietta Materials has set its FY 2025 guidance at EPS. Sell-side analysts predict 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 will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Martin Marietta Materials's previous quarterly dividend of $0.79. Martin Marietta Materials's payout ratio is 17.53%.

Analyst Ratings Changes

MLM has been the topic of a number of recent analyst reports. Stephens reissued an "overweight" rating and issued a $700.00 price objective on shares of Martin Marietta Materials in a research report on Monday, August 4th. Stifel Nicolaus increased their price objective on shares of Martin Marietta Materials from $609.00 to $637.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. UBS Group raised shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and increased their price objective for the company from $548.00 to $634.00 in a research report on Friday, May 16th. Morgan Stanley increased their price objective on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Bank of America increased their price objective 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $622.63.

About Martin Marietta Materials

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.