Vontobel Holding Ltd. Buys 49 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Vontobel Holding Ltd. raised its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 810 shares of the construction company’s stock after purchasing an additional 49 shares during the period. Vontobel Holding Ltd.’s holdings in Martin Marietta Materials were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in shares of Martin Marietta Materials by 182.5% during the 1st quarter. BNP Paribas Financial Markets now owns 73,135 shares of the construction company’s stock valued at $44,901,000 after purchasing an additional 47,250 shares during the last quarter. Peak Financial Advisors LLC bought a new position in shares of Martin Marietta Materials during the 2nd quarter valued at about $2,710,000. TD Asset Management Inc boosted its holdings in shares of Martin Marietta Materials by 4.4% during the 1st quarter. TD Asset Management Inc now owns 147,963 shares of the construction company’s stock valued at $90,840,000 after purchasing an additional 6,263 shares during the last quarter. Dohj LLC bought a new position in shares of Martin Marietta Materials during the 1st quarter valued at about $933,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Martin Marietta Materials by 8.1% during the 1st quarter. Russell Investments Group Ltd. now owns 74,259 shares of the construction company’s stock valued at $45,545,000 after purchasing an additional 5,576 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

MLM has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Martin Marietta Materials from $560.00 to $515.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Jefferies Financial Group decreased their target price on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus decreased their target price on shares of Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. BNP Paribas upgraded shares of Martin Marietta Materials to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Citigroup decreased their target price on shares of Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $619.36.

Martin Marietta Materials Price Performance

NYSE MLM opened at $560.68 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.94 and a current ratio of 1.86. The firm’s 50 day moving average price is $534.72 and its 200-day moving average price is $557.07. Martin Marietta Materials, Inc. has a 52-week low of $389.90 and a 52-week high of $626.67. The company has a market cap of $34.56 billion, a PE ratio of 16.61, a P/E/G ratio of 3.68 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $4.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.60). Martin Marietta Materials had a net margin of 30.80% and a return on equity of 13.85%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the business posted $5.60 earnings per share. Martin Marietta Materials’s revenue for the quarter was down 3.1% on a year-over-year basis. Sell-side analysts forecast that Martin Marietta Materials, Inc. will post 19.33 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.56%. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Tuesday, September 3rd. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.36%.

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.