Deutsche Bank AG Makes New $130.29 Million Investment in Martin Marietta Materials, Inc. $MLM

Deutsche Bank AG purchased a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 225,927 shares of the construction company’s stock, valued at approximately $130,292,000.

Other large investors have also made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in Martin Marietta Materials by 370.0% in the second quarter. CoreCap Advisors LLC now owns 47 shares of the construction company’s stock valued at $27,000 after acquiring an additional 37 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Martin Marietta Materials by 67.9% during the 1st quarter. Meeder Asset Management Inc. now owns 47 shares of the construction company’s stock worth $28,000 after purchasing an additional 19 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Martin Marietta Materials during the 4th quarter worth $31,000. Reflection Asset Management bought a new position in shares of Martin Marietta Materials during the 4th quarter valued at $35,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Martin Marietta Materials during the 2nd quarter valued at $37,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stephens reduced their price objective on shares of Martin Marietta Materials from $700.00 to $680.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Raymond James Financial set a $660.00 target price on shares of Martin Marietta Materials in a research report on Friday, July 31st. Wolfe Research set a $648.00 target price on Martin Marietta Materials in a report on Tuesday, August 4th. Oppenheimer started coverage on Martin Marietta Materials in a research report on Thursday, May 28th. They issued a “market perform” rating for the company. Finally, Wall Street Zen lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Tuesday, July 28th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Martin Marietta Materials has an average rating of “Moderate Buy” and an average price target of $668.53.

Martin Marietta Materials Trading Up 2.5%

Martin Marietta Materials stock opened at $535.67 on Thursday. Martin Marietta Materials, Inc. has a 52 week low of $522.19 and a 52 week high of $710.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 1.41. The firm has a market capitalization of $32.18 billion, a PE ratio of 13.16, a PEG ratio of 2.26 and a beta of 1.11. The business’s 50-day simple moving average is $571.26 and its 200-day simple moving average is $597.35.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Thursday, July 30th. The construction company reported $5.00 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.24. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.87 billion. Martin Marietta Materials had a return on equity of 9.49% and a net margin of 36.73%.The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.43 EPS. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.07 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 1st will be given a $0.84 dividend. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 8.16%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.