Mn Services Vermogensbeheer B.V. Takes Position in Martin Marietta Materials, Inc. $MLM

Key Points

• Mn Services Vermogensbeheer B.V. has acquired a new position in Martin Marietta Materials, purchasing 22,800 shares valued at approximately $12.52 million.
• Martin Marietta has reported earnings of $5.43 per share for the last quarter, slightly missing expectations, with revenue of $1.81 billion showing a year-over-year increase of 2.7%.
• The company has increased its quarterly dividend from $0.79 to $0.83 per share, indicating a positive trend, with a current dividend yield of 0.5%.

Mn Services Vermogensbeheer B.V. bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,800 shares of the construction company's stock, valued at approximately $12,516,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MLM. Wayfinding Financial LLC acquired a new stake in Martin Marietta Materials in the first quarter worth $29,000. Chilton Capital Management LLC acquired a new stake in Martin Marietta Materials during the first quarter worth approximately $30,000. Zions Bancorporation National Association UT bought a new stake in shares of Martin Marietta Materials in the first quarter valued at about $30,000. IMA Advisory Services Inc. bought a new stake in shares of Martin Marietta Materials during the 1st quarter valued at $40,000. Finally, Valley National Advisers Inc. raised its position in shares of Martin Marietta Materials by 193.9% in the 1st quarter. Valley National Advisers Inc. now owns 97 shares of the construction company's stock valued at $45,000 after buying an additional 64 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction on Friday, August 8th. The stock was sold at an average price of $613.32, for a total value of $636,626.16. Following the completion of the sale, the director 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MLM shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $525.00 target price (up from $515.00) on shares of Martin Marietta Materials in a research report on Friday, August 8th. Bank of America lifted their price objective on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. DA Davidson lifted their price target on Martin Marietta Materials from $625.00 to $700.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Raymond James Financial boosted 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. Finally, Stephens reissued an "overweight" rating and set a $700.00 target price on shares of Martin Marietta Materials in a research report on Monday, August 4th. Two 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 MarketBeat.com, Martin Marietta Materials has a consensus rating of "Moderate Buy" and an average target price of $622.63.

Martin Marietta Materials Stock Up 0.8%

Shares of MLM traded up $4.93 on Tuesday, reaching $624.76. The stock had a trading volume of 22,992 shares, compared to its average volume of 466,216. The firm has a market capitalization of $37.68 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 5.61 and a beta of 0.94. The company has a 50-day simple moving average of $600.47 and a 200-day simple moving average of $549.70. Martin Marietta Materials, Inc. has a 12-month low of $441.95 and a 12-month high of $633.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.21 and a current ratio of 2.35.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 EPS 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 firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the prior year, the business posted $4.76 EPS. 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. Sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.53 EPS for the current 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 paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, September 2nd. This is an increase from Martin Marietta Materials's previous quarterly dividend of $0.79. Martin Marietta Materials's dividend payout ratio (DPR) is currently 18.41%.

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.