Martin Marietta Materials, Inc. $MLM Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 13.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 386,046 shares of the construction company’s stock after purchasing an additional 46,228 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Martin Marietta Materials were worth $222,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bank of Nova Scotia acquired a new position in shares of Martin Marietta Materials during the 2nd quarter worth approximately $3,650,000. Northwestern Mutual Wealth Management Co. grew its stake in Martin Marietta Materials by 14,332.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 77,792 shares of the construction company’s stock valued at $48,438,000 after acquiring an additional 77,253 shares during the period. Victory Capital Management Inc. grew its stake in Martin Marietta Materials by 51.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,448,928 shares of the construction company’s stock valued at $1,524,853,000 after acquiring an additional 836,120 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Martin Marietta Materials by 4.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 126,524 shares of the construction company’s stock worth $80,272,000 after acquiring an additional 5,227 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in Martin Marietta Materials by 11.2% in the 4th quarter. Stephens Inc. AR now owns 51,326 shares of the construction company’s stock worth $31,958,000 after acquiring an additional 5,150 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Martin Marietta Materials stock opened at $518.75 on Tuesday. Martin Marietta Materials, Inc. has a 52-week low of $517.65 and a 52-week high of $710.97. The firm has a market capitalization of $31.16 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 2.29 and a beta of 1.11. The company has a fifty day simple moving average of $560.97 and a 200-day simple moving average of $589.12. The company has a quick ratio of 0.73, a current ratio of 1.41 and a debt-to-equity ratio of 0.44.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Thursday, July 30th. The construction company reported $5.00 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.24. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Martin Marietta Materials had a net margin of 36.73% and a return on equity of 9.49%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.43 earnings per share. On average, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.07 EPS for the current fiscal year.

Martin Marietta Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 1st will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 1st. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.83. Martin Marietta Materials’s payout ratio is currently 8.16%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MLM shares. Citigroup decreased their price objective on shares of Martin Marietta Materials from $737.00 to $690.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Royal Bank Of Canada boosted their target price on shares of Martin Marietta Materials from $610.00 to $620.00 and gave the stock a “sector perform” rating in a research note on Friday. Berenberg Bank set a $556.00 price target on shares of Martin Marietta Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. decreased their price target on shares of Martin Marietta Materials from $700.00 to $680.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, DA Davidson started coverage on Martin Marietta Materials in a report on Monday, August 24th. They issued a “neutral” rating and a $625.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $665.88.

Martin Marietta Materials 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.