Swiss National Bank Raises Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Swiss National Bank increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,050 shares of the construction company’s stock after purchasing an additional 4,400 shares during the quarter. Swiss National Bank owned 0.33% of Martin Marietta Materials worth $42,057,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. lifted its holdings in shares of Martin Marietta Materials by 191.8% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 143 shares of the construction company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. JOYN Advisors Inc. lifted its holdings in shares of Martin Marietta Materials by 472.7% in the 4th quarter. JOYN Advisors Inc. now owns 189 shares of the construction company’s stock worth $32,000 after purchasing an additional 156 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Martin Marietta Materials by 397.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 189 shares of the construction company’s stock worth $32,000 after purchasing an additional 151 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Martin Marietta Materials by 82.9% in the 1st quarter. Global Retirement Partners LLC now owns 192 shares of the construction company’s stock worth $39,000 after purchasing an additional 87 shares in the last quarter. Finally, Enlightenment Research LLC bought a new position in shares of Martin Marietta Materials in the 4th quarter worth $34,000.

MLM has been the subject of a number of analyst reports. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Citigroup increased their price target on Martin Marietta Materials from $239.00 to $255.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. DA Davidson raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $227.22 price target for the company in a research report on Thursday, June 6th. Bank of America lowered Martin Marietta Materials from a “neutral” rating to an “underperform” rating in a research report on Tuesday, April 16th. Finally, Berenberg Bank initiated coverage on Martin Marietta Materials in a research report on Wednesday, April 3rd. They issued a “hold” rating and a $194.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Martin Marietta Materials currently has a consensus rating of “Buy” and an average price target of $221.87.

MLM traded up $3.39 during trading hours on Friday, hitting $230.11. The stock had a trading volume of 924,800 shares, compared to its average volume of 649,745. The firm’s fifty day simple moving average is $219.64. Martin Marietta Materials, Inc. has a 1 year low of $150.75 and a 1 year high of $232.44. The stock has a market capitalization of $14.19 billion, a PE ratio of 28.44, a PEG ratio of 2.19 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 1.81.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.39. Martin Marietta Materials had a return on equity of 10.82% and a net margin of 11.48%. The company had revenue of $938.96 million during the quarter, compared to analyst estimates of $881.82 million. During the same quarter last year, the firm posted $0.16 EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Analysts predict that Martin Marietta Materials, Inc. will post 9.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.92 annualized dividend and a yield of 0.83%. Martin Marietta Materials’s dividend payout ratio is currently 23.73%.

In other news, Chairman C Howard Nye sold 14,668 shares of Martin Marietta Materials stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $220.48, for a total transaction of $3,234,000.64. Following the completion of the sale, the chairman now owns 167,019 shares in the company, valued at approximately $36,824,349.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Donald A. Mccunniff sold 3,183 shares of Martin Marietta Materials stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $220.19, for a total value of $700,864.77. Following the sale, the senior vice president now owns 16,724 shares of the company’s stock, valued at approximately $3,682,457.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,675 shares of company stock valued at $4,125,869. 0.73% of the stock is owned by corporate insiders.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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