Martin Marietta Materials, Inc. $MLM Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,300 shares of the construction company’s stock after acquiring an additional 1,302 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Martin Marietta Materials were worth $13,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp boosted its stake in Martin Marietta Materials by 321.8% during the third quarter. Atlantic Union Bankshares Corp now owns 3,817 shares of the construction company’s stock worth $2,406,000 after buying an additional 2,912 shares during the last quarter. National Pension Service boosted its stake in Martin Marietta Materials by 1.0% during the third quarter. National Pension Service now owns 84,820 shares of the construction company’s stock worth $53,460,000 after buying an additional 843 shares during the last quarter. HB Wealth Management LLC boosted its stake in Martin Marietta Materials by 78.5% during the third quarter. HB Wealth Management LLC now owns 8,008 shares of the construction company’s stock worth $5,048,000 after buying an additional 3,522 shares during the last quarter. Caprock Group LLC acquired a new position in Martin Marietta Materials during the third quarter worth $1,605,000. Finally, Fenimore Asset Management Inc boosted its stake in Martin Marietta Materials by 0.9% during the third quarter. Fenimore Asset Management Inc now owns 89,657 shares of the construction company’s stock worth $56,509,000 after buying an additional 807 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Price Performance

NYSE:MLM opened at $611.26 on Thursday. Martin Marietta Materials, Inc. has a 52 week low of $490.31 and a 52 week high of $710.97. The company has a quick ratio of 2.36, a current ratio of 3.57 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $36.83 billion, a P/E ratio of 32.51, a P/E/G ratio of 2.22 and a beta of 1.19. The stock’s fifty day moving average is $621.96 and its two-hundred day moving average is $628.83.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the firm earned $4.79 EPS. Martin Marietta Materials’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts expect that Martin Marietta Materials, Inc. will post 19.85 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd were given a $0.83 dividend. The ex-dividend date was Monday, March 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. Martin Marietta Materials’s payout ratio is currently 17.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. DA Davidson set a $680.00 price objective on Martin Marietta Materials in a research note on Thursday, February 12th. Royal Bank Of Canada reissued a “sector perform” rating and set a $630.00 price objective on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Jefferies Financial Group reissued a “buy” rating and set a $785.00 price objective on shares of Martin Marietta Materials in a research note on Thursday, February 26th. Stephens lowered their price objective on Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Finally, Loop Capital lowered Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective on the stock. in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $692.06.

Martin Marietta Materials Company 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.