CVA Family Office LLC Has $69,000 Stock Holdings in Martin Marietta Materials, Inc. $MLM

CVA Family Office LLC boosted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 21.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125 shares of the construction company’s stock after purchasing an additional 22 shares during the period. CVA Family Office LLC’s holdings in Martin Marietta Materials were worth $69,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MLM. Wayfinding Financial LLC acquired a new stake in Martin Marietta Materials in the 1st quarter valued at $29,000. Zions Bancorporation National Association UT acquired a new stake in shares of Martin Marietta Materials in the 1st quarter valued at $30,000. Chilton Capital Management LLC bought a new stake in shares of Martin Marietta Materials in the 1st quarter worth about $30,000. Salomon & Ludwin LLC grew its holdings in shares of Martin Marietta Materials by 156.7% in the 2nd quarter. Salomon & Ludwin LLC now owns 77 shares of the construction company’s stock worth $43,000 after purchasing an additional 47 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new stake in shares of Martin Marietta Materials during the 1st quarter worth about $40,000. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Stock Up 0.3%

NYSE MLM opened at $621.05 on Monday. The stock has a market capitalization of $37.46 billion, a P/E ratio of 34.45, a price-to-earnings-growth ratio of 5.61 and a beta of 1.01. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $665.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.21 and a current ratio of 2.35. The stock has a fifty day moving average of $620.38 and a 200-day moving average of $574.90.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, August 7th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.44 by ($0.01). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. Martin Marietta Materials had a net margin of 16.47% and a return on equity of 11.88%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $4.76 EPS. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Increases Dividend

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

Insider Activity at Martin Marietta Materials

In related news, Director Laree E. Perez sold 1,038 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $613.32, for a total transaction of $636,626.16. Following the completion of the sale, the director directly owned 15,417 shares of the company’s stock, valued at $9,455,554.44. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MLM has been the topic of several research analyst reports. Stephens reaffirmed an “overweight” rating and set a $700.00 price objective on shares of Martin Marietta Materials in a research note on Monday, August 4th. DA Davidson increased their price target on Martin Marietta Materials from $625.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Bank of America lifted their price objective on Martin Marietta Materials from $577.00 to $643.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Morgan Stanley increased their target price on Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Finally, Wells Fargo & Company raised Martin Marietta Materials to a “hold” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average price target of $628.56.

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.