ASR Vermogensbeheer N.V. Grows Holdings in Martin Marietta Materials, Inc. $MLM

ASR Vermogensbeheer N.V. raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,507 shares of the construction company’s stock after purchasing an additional 97 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Martin Marietta Materials were worth $827,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Martin Marietta Materials in the 1st quarter valued at about $29,000. Zions Bancorporation National Association UT purchased a new position in Martin Marietta Materials in the 1st quarter valued at about $30,000. Chilton Capital Management LLC purchased a new position in Martin Marietta Materials in the 1st quarter valued at about $30,000. IMA Advisory Services Inc. purchased a new position in Martin Marietta Materials in the 1st quarter valued at about $40,000. Finally, Valley National Advisers Inc. lifted its holdings in 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 purchasing an additional 64 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Up 1.2%

MLM opened at $635.61 on Friday. The firm has a 50 day moving average price of $610.18 and a 200 day moving average price of $558.16. The company has a market cap of $38.33 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 5.75 and a beta of 1.01. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $637.36. 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) last posted its earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.44 by ($0.01). The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $4.76 EPS. Martin Marietta Materials has set its FY 2025 guidance at EPS. Sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were given a dividend of $0.83 per share. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. Martin Marietta Materials’s dividend payout ratio is currently 18.41%.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, Director Laree E. Perez sold 1,038 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were 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 $9,455,554.44. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Raymond James Financial upped their price objective on shares of Martin Marietta Materials from $600.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Bank of America upped their price objective 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Martin Marietta Materials in a research note on Saturday, September 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $525.00 price objective (up previously from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $622.63.

About Martin Marietta Materials

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.