Martin Marietta Materials, Inc. $MLM Shares Acquired by OFI Invest Asset Management

Key Points

• OFI Invest increased its stake in Martin Marietta by 34.0% in Q4, buying 18,952 shares to hold 74,709 shares (about $46.5M), and institutional investors now own roughly 95.04% of the company.
• Martin Marietta's latest quarter showed EPS of $4.62 (missing the $4.81 consensus) and revenue of $1.53B (below the $1.66B estimate), although revenue was up 9.3% year‑over‑year.
• The stock has a market cap of about $37.7B, a P/E of 33.24, a 52‑week range of $441.95–$710.97, pays a $0.83 quarterly dividend ($3.32 annual, 0.5% yield), and carries a consensus analyst rating of "Hold" with a $692.31 target.

OFI Invest Asset Management increased its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,709 shares of the construction company's stock after acquiring an additional 18,952 shares during the period. OFI Invest Asset Management owned approximately 0.12% of Martin Marietta Materials worth $46,518,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Martin Marietta Materials by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,442,945 shares of the construction company's stock worth $4,691,139,000 after acquiring an additional 93,595 shares during the period. State Street Corp increased its holdings in shares of Martin Marietta Materials by 2.0% in the 2nd quarter. State Street Corp now owns 2,825,325 shares of the construction company's stock worth $1,550,990,000 after acquiring an additional 56,353 shares during the period. Bank of America Corp DE increased its holdings in shares of Martin Marietta Materials by 1.1% in the 3rd quarter. Bank of America Corp DE now owns 2,365,832 shares of the construction company's stock worth $1,491,136,000 after acquiring an additional 25,155 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Martin Marietta Materials by 9.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,204,425 shares of the construction company's stock worth $1,389,428,000 after acquiring an additional 192,637 shares during the period. Finally, Alkeon Capital Management LLC increased its holdings in shares of Martin Marietta Materials by 4.2% in the 2nd quarter. Alkeon Capital Management LLC now owns 802,351 shares of the construction company's stock worth $440,459,000 after acquiring an additional 32,000 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $624.99 on Thursday. The firm has a 50-day moving average price of $631.85 and a 200 day moving average price of $628.63. The firm has a market capitalization of $37.69 billion, a PE ratio of 33.24, a P/E/G ratio of 2.34 and a beta of 1.19. The company has a quick ratio of 2.36, a current ratio of 3.57 and a debt-to-equity ratio of 0.53. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $710.97.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.81 by ($0.19). Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company earned $4.79 EPS. The business's quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were given a dividend of $0.83 per share. The ex-dividend date was Monday, March 2nd. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. Martin Marietta Materials's dividend payout ratio (DPR) is 17.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MLM. Stephens dropped their price objective on shares of Martin Marietta Materials from $740.00 to $735.00 and set an "overweight" rating on the stock in a report on Friday, February 13th. Barclays decreased their target price on shares of Martin Marietta Materials from $675.00 to $640.00 and set an "overweight" rating for the company in a research report on Tuesday, March 31st. B. Riley Financial upgraded shares of Martin Marietta Materials from a "neutral" rating to a "buy" rating and set a $700.00 target price for the company in a research report on Thursday, April 2nd. Loop Capital lowered shares of Martin Marietta Materials from a "buy" rating to a "hold" rating and set a $690.00 target price for the company. in a research report on Wednesday, January 28th. Finally, Citigroup increased their target price on shares of Martin Marietta Materials from $780.00 to $804.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $692.31.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc NYSE: MLM is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.

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