Martin Marietta Materials, Inc. $MLM Shares Purchased by Little House Capital LLC

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 lifted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 24.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Net Worth Advisory Group lifted its holdings in Martin Marietta Materials by 2.2% in the 1st quarter. Net Worth Advisory Group now owns 993 shares of the construction company's stock worth $475,000 after purchasing an additional 21 shares in the last quarter. PDS Planning Inc lifted its holdings in Martin Marietta Materials by 4.9% in the 1st quarter. PDS Planning Inc now owns 452 shares of the construction company's stock worth $216,000 after purchasing an additional 21 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Martin Marietta Materials by 3.5% in the 1st quarter. Financial Management Professionals Inc. now owns 652 shares of the construction company's stock worth $312,000 after purchasing an additional 22 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Martin Marietta Materials by 5.4% in the 4th quarter. Wellington Management Group LLP now owns 448 shares of the construction company's stock worth $231,000 after purchasing an additional 23 shares in the last quarter. Finally, First American Bank lifted its holdings in Martin Marietta Materials by 1.3% in the 1st quarter. First American Bank now owns 1,966 shares of the construction company's stock worth $940,000 after purchasing an additional 25 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MLM shares. Stephens reissued an "overweight" rating and issued a $700.00 price target on shares of Martin Marietta Materials in a report on Monday, August 4th. Raymond James Financial upped their price objective on Martin Marietta Materials from $600.00 to $645.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Bank of America upped their price objective on Martin Marietta Materials from $577.00 to $643.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $525.00 price objective (up from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. Finally, Wall Street Zen raised Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $622.63.

Insiders Place Their Bets

In related 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. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.69% of the company's stock.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM traded down $1.99 during trading on Friday, hitting $618.41. The stock had a trading volume of 630,860 shares, compared to its average volume of 361,955. The stock has a 50-day simple moving average of $599.34 and a two-hundred day simple moving average of $547.60. 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 stock has a market capitalization of $37.30 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 5.62 and a beta of 0.94. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month 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 for the quarter, missing the consensus estimate of $5.44 by ($0.01). The company had revenue of $1.81 billion for 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 firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.76 earnings per share. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Increases Dividend

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

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.