Martin Marietta Materials, Inc. $MLM Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG boosted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 290.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,846 shares of the construction company’s stock after buying an additional 1,373 shares during the period. J. Safra Sarasin Holding AG’s holdings in Martin Marietta Materials were worth $1,163,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC purchased a new position in shares of Martin Marietta Materials in the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Martin Marietta Materials in the 2nd quarter valued at $28,000. Grey Fox Wealth Advisors LLC purchased a new position in Martin Marietta Materials in the third quarter valued at about $33,000. NewSquare Capital LLC lifted its stake in shares of Martin Marietta Materials by 62.2% during the second quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock worth $33,000 after purchasing an additional 23 shares in the last quarter. Finally, Clearstead Trust LLC boosted its position in shares of Martin Marietta Materials by 93.8% in the second quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock worth $34,000 after buying an additional 30 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on MLM shares. Wall Street Zen downgraded Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Loop Capital downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective for the company. in a research report on Wednesday. Wells Fargo & Company reduced their target price on shares of Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley upped their target price on shares of Martin Marietta Materials from $660.00 to $690.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus target price of $675.31.

Martin Marietta Materials Stock Up 0.1%

MLM stock opened at $649.70 on Thursday. The company has a current ratio of 2.97, a quick ratio of 2.07 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $632.94 and a 200-day simple moving average of $617.27. The company has a market capitalization of $39.18 billion, a P/E ratio of 34.25 and a beta of 1.15. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $668.83.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $2.06 billion. Martin Marietta Materials had a net margin of 17.34% and a return on equity of 11.68%. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 17.50%.

About Martin Marietta Materials

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.