Czech National Bank Grows Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Czech National Bank grew its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,450 shares of the construction company’s stock after buying an additional 703 shares during the period. Czech National Bank’s holdings in Martin Marietta Materials were worth $6,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MLM. Centaurus Financial Inc. purchased a new stake in Martin Marietta Materials during the 2nd quarter valued at about $166,000. Newbridge Financial Services Group Inc. boosted its position in Martin Marietta Materials by 411.1% in the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock valued at $25,000 after buying an additional 37 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Martin Marietta Materials in the 2nd quarter worth approximately $3,757,000. Clearbridge Investments LLC raised its position in Martin Marietta Materials by 2.2% during the 2nd quarter. Clearbridge Investments LLC now owns 228,775 shares of the construction company’s stock worth $123,950,000 after buying an additional 4,939 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Martin Marietta Materials by 41.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 28,616 shares of the construction company’s stock valued at $15,504,000 after acquiring an additional 8,387 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MLM. Morgan Stanley raised their target price on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. BNP Paribas raised Martin Marietta Materials to a “strong-buy” rating in a report on Thursday, September 19th. Loop Capital reduced their price target on Martin Marietta Materials from $630.00 to $615.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Citigroup dropped their price objective on shares of Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Finally, StockNews.com downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus target price of $629.82.

Martin Marietta Materials Trading Up 0.6 %

Shares of NYSE MLM opened at $524.11 on Friday. The stock has a fifty day simple moving average of $535.46 and a 200-day simple moving average of $562.17. Martin Marietta Materials, Inc. has a twelve month low of $389.90 and a twelve month high of $626.67. The company has a current ratio of 1.86, a quick ratio of 0.94 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $32.31 billion, a PE ratio of 15.53, a PEG ratio of 3.78 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $4.76 EPS for the quarter, missing the consensus estimate of $5.36 by ($0.60). Martin Marietta Materials had a net margin of 30.80% and a return on equity of 13.85%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the business posted $5.60 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts forecast that Martin Marietta Materials, Inc. will post 19.33 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were paid a $0.79 dividend. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.74. This represents a $3.16 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, September 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.36%.

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.