Czech National Bank Increases Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Czech National Bank lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,037 shares of the construction company's stock after buying an additional 785 shares during the quarter. Czech National Bank's holdings in Martin Marietta Materials were worth $6,712,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC increased its holdings in shares of Martin Marietta Materials by 54,277.3% in the fourth quarter. Proficio Capital Partners LLC now owns 918,432 shares of the construction company's stock worth $474,370,000 after purchasing an additional 916,743 shares during the period. GAMMA Investing LLC boosted its stake in 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 valued at $333,540,000 after buying an additional 696,403 shares during the period. Norges Bank purchased a new position in Martin Marietta Materials during the fourth quarter worth about $306,863,000. JPMorgan Chase & Co. increased its stake in Martin Marietta Materials by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock worth $1,441,663,000 after acquiring an additional 506,705 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Martin Marietta Materials in the 4th quarter worth about $196,374,000. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Stock Up 0.9%

NYSE MLM traded up $4.70 during trading hours on Wednesday, hitting $550.24. 432,523 shares of the company were exchanged, compared to its average volume of 488,692. The company has a 50 day moving average of $517.64 and a two-hundred day moving average of $524.68. The firm has a market cap of $33.17 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 4.45 and a beta of 0.89. Martin Marietta Materials, Inc. has a 52-week low of $441.95 and a 52-week high of $633.23. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.02. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The business's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.93 EPS. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, June 2nd. Martin Marietta Materials's dividend payout ratio is currently 18.20%.

Analyst Ratings Changes

Several brokerages have issued reports on MLM. Raymond James dropped their target price on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Stifel Nicolaus lifted their price objective on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered shares of Martin Marietta Materials from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $640.00 to $560.00 in a research report on Wednesday, March 19th. Barclays dropped their price target on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Finally, Truist Financial reduced their price objective on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $610.69.

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.