Little House Capital LLC Has $1.29 Million Position in Martin Marietta Materials, Inc. $MLM

Key Points

• Little House Capital LLC increased its stake in Martin Marietta Materials, Inc. by 24.9%, bringing its holdings to 2,358 shares valued at approximately $1.29 million.
• Martin Marietta reported $5.43 earnings per share for the last quarter, missing analyst expectations of $5.44, with revenues of $1.81 billion against estimates of $1.88 billion.
• The company announced a dividend increase to $0.83 per share, with a record date of September 2nd, reflecting a 5% rise from its previous dividend payout.

Little House Capital LLC boosted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 24.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,358 shares of the construction company's stock after acquiring an additional 470 shares during the quarter. Little House Capital LLC's holdings in Martin Marietta Materials were worth $1,294,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Martin Marietta Materials by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company's stock worth $3,510,602,000 after acquiring an additional 168,175 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Martin Marietta Materials by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 2,944,694 shares of the construction company's stock worth $1,407,947,000 after purchasing an additional 268,928 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Martin Marietta Materials by 6.6% during the first quarter. Principal Financial Group Inc. now owns 1,940,423 shares of the construction company's stock worth $927,775,000 after purchasing an additional 120,679 shares during the last quarter. Amundi grew its holdings in shares of Martin Marietta Materials by 9.2% during the first quarter. Amundi now owns 1,706,416 shares of the construction company's stock worth $827,345,000 after purchasing an additional 144,270 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Martin Marietta Materials by 58,570.5% during the first quarter. GAMMA Investing LLC now owns 697,592 shares of the construction company's stock worth $333,540,000 after purchasing an additional 696,403 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 0.8%

NYSE MLM opened at $610.69 on Tuesday. The stock's 50-day moving average is $595.20 and its 200-day moving average is $544.57. Martin Marietta Materials, Inc. has a one year low of $441.95 and a one year high of $633.23. The firm has a market cap of $36.83 billion, a P/E ratio of 33.87, a P/E/G ratio of 5.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $4.76 EPS. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. Martin Marietta Materials has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. This is an increase from Martin Marietta Materials's previous quarterly dividend of $0.79. Martin Marietta Materials's dividend payout ratio is presently 18.41%.

Insider Activity at Martin Marietta Materials

In other news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the transaction, 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 can be accessed through this link. Corporate insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen upgraded Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America increased their target price on Martin Marietta Materials from $577.00 to $643.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Morgan Stanley increased their target price on Martin Marietta Materials from $576.00 to $605.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Stephens restated an "overweight" rating and set a $700.00 target price on shares of Martin Marietta Materials in a report on Monday, August 4th. Finally, Raymond James Financial raised their price target on Martin Marietta Materials from $600.00 to $645.00 and gave the company an "outperform" rating in a report on Friday, August 8th. 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $622.63.

Martin Marietta Materials Company 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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