Czech National Bank Buys 698 Shares of Martin Marietta Materials, Inc. $MLM

Key Points

• Czech National Bank increased its stake in Martin Marietta Materials by 5.0% during Q2, holding 14,735 shares valued at approximately $8.09 million.
• Martin Marietta reported Q2 earnings of $5.43 per share, slightly missing estimates, with revenues of $1.81 billion, a 2.7% increase year-over-year.
• The company's quarterly dividend was raised to $0.83, up from $0.79, with a yield of 0.5% and an annual payout ratio of 18.41%.

Czech National Bank increased its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,735 shares of the construction company's stock after buying an additional 698 shares during the quarter. Czech National Bank's holdings in Martin Marietta Materials were worth $8,089,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in Martin Marietta Materials by 58,570.5% in the 1st quarter. GAMMA Investing LLC now owns 697,592 shares of the construction company's stock valued at $333,540,000 after acquiring an additional 696,403 shares during the period. American Century Companies Inc. raised its stake in Martin Marietta Materials by 1,880.3% in the 1st quarter. American Century Companies Inc. now owns 369,382 shares of the construction company's stock valued at $176,613,000 after acquiring an additional 350,729 shares during the period. JPMorgan Chase & Co. raised its stake in Martin Marietta Materials by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,944,694 shares of the construction company's stock valued at $1,407,947,000 after acquiring an additional 268,928 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Martin Marietta Materials by 39.2% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 659,363 shares of the construction company's stock valued at $315,261,000 after acquiring an additional 185,731 shares during the period. Finally, Vanguard Group Inc. raised its stake in Martin Marietta Materials by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company's stock valued at $3,510,602,000 after acquiring an additional 168,175 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

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 dated Friday, August 8th. The stock was sold at an average price of $613.32, for a total transaction of $636,626.16. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company's stock.

Martin Marietta Materials Price Performance

NYSE:MLM traded down $1.99 during trading hours on Friday, hitting $618.41. The company's stock had a trading volume of 630,860 shares, compared to its average volume of 361,955. The stock has a fifty day simple moving average of $599.34 and a 200-day simple moving average of $548.08. The company has a market capitalization of $37.30 billion, a P/E ratio of 34.30, a PEG ratio of 5.61 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, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business earned $4.76 earnings per share. The business'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. On average, analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The company also recently declared 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 of this dividend is Tuesday, September 2nd. This is a positive change from Martin Marietta Materials's previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.5%. Martin Marietta Materials's payout ratio is 18.41%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MLM. Wall Street Zen upgraded Martin Marietta Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada restated a "sector perform" rating and issued a $525.00 price target (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. DA Davidson increased their price objective on Martin Marietta Materials from $625.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Stephens reiterated an "overweight" rating and set a $700.00 price objective on shares of Martin Marietta Materials in a research report on Monday, August 4th. Finally, Morgan Stanley increased their price objective on Martin Marietta Materials from $576.00 to $605.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Martin Marietta Materials presently has an average rating of "Moderate Buy" and an average price target 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.