Martin Marietta Materials, Inc. (NYSE:MLM) Plans $0.83 Quarterly Dividend

Martin Marietta Materials, Inc. (NYSE:MLM) announced a quarterly dividend on Thursday, November 13th. Investors of record on Monday, December 1st will be paid a dividend of 0.83 per share by the construction company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 1st.

Martin Marietta Materials has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Martin Marietta Materials has a payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Martin Marietta Materials to earn $21.61 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 15.4%.

Martin Marietta Materials Stock Down 0.3%

MLM traded down $1.56 during trading on Friday, reaching $600.58. 99,320 shares of the stock traded hands, compared to its average volume of 447,925. The stock’s 50-day simple moving average is $621.55 and its two-hundred day simple moving average is $586.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21. Martin Marietta Materials has a fifty-two week low of $441.95 and a fifty-two week high of $665.18. The stock has a market cap of $36.22 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 5.57 and a beta of 1.06.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Martin Marietta Materials will post 19.53 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MLM. Quent Capital LLC acquired a new stake in shares of Martin Marietta Materials in the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Martin Marietta Materials during the 2nd quarter valued at $28,000. Zions Bancorporation National Association UT bought a new stake in Martin Marietta Materials in the 1st quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new stake in Martin Marietta Materials in the 3rd quarter worth $32,000. Finally, NewSquare Capital LLC increased its holdings in shares of Martin Marietta Materials by 62.2% during the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock worth $33,000 after purchasing an additional 23 shares during the period. 95.04% of the stock is owned by institutional investors.

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.