Czech National Bank Acquires 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 grew its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,735 shares of the construction company's stock after purchasing an additional 698 shares during the period. Czech National Bank's holdings in Martin Marietta Materials were worth $8,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Martin Marietta Materials by 2.3% during the 1st 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 during the last quarter. JPMorgan Chase & Co. increased 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 buying an additional 268,928 shares during the last quarter. Principal Financial Group Inc. lifted its position in Martin Marietta Materials by 6.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,940,423 shares of the construction company's stock worth $927,775,000 after buying an additional 120,679 shares in the last quarter. Amundi boosted its stake in shares of Martin Marietta Materials by 9.2% during the 1st quarter. Amundi now owns 1,706,416 shares of the construction company's stock worth $827,345,000 after buying 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% 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 in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Insider Activity

In related news, Director Laree E. Perez sold 1,038 shares of the firm's stock in a transaction 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 sale, the director owned 15,417 shares of the company's stock, valued at $9,455,554.44. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company 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. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $633.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21. The stock has a fifty day simple moving average of $599.34 and a 200-day simple moving average of $547.60. The company has a market capitalization of $37.30 billion, a P/E ratio of 34.30, a PEG ratio of 5.62 and a beta of 0.94.

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). Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company posted $4.76 EPS. The firm's 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 boost 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 presently 18.41%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank Of Canada reiterated a "sector perform" rating and set a $525.00 target price (up previously from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. Stifel Nicolaus upped their price objective on Martin Marietta Materials from $609.00 to $637.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Wall Street Zen raised shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. 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, Bank of America increased their price target on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Two investment 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, the company 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.