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

J. Safra Sarasin Holding AG grew its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 290.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,846 shares of the construction company’s stock after acquiring an additional 1,373 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Martin Marietta Materials were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MLM. Quent Capital LLC bought a new stake in Martin Marietta Materials during the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Martin Marietta Materials in the 2nd quarter valued at about $28,000. NewSquare Capital LLC grew its position in shares of Martin Marietta Materials by 62.2% during the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after buying an additional 23 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Martin Marietta Materials during the third quarter worth about $33,000. Finally, Clearstead Trust LLC raised its stake in Martin Marietta Materials by 93.8% during the second quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock worth $34,000 after acquiring an additional 30 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Trading Up 0.1%

Shares of MLM stock opened at $649.70 on Thursday. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $668.83. The firm has a market capitalization of $39.18 billion, a PE ratio of 34.25 and a beta of 1.15. The stock has a fifty day moving average of $632.94 and a two-hundred day moving average of $617.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.07 and a current ratio of 2.97.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing analysts’ consensus estimates of $6.62 by ($0.65). Martin Marietta Materials had a net margin of 17.34% and a return on equity of 11.68%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $2.06 billion. As a group, research analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MLM shares. B. Riley started coverage on Martin Marietta Materials in a research note on Thursday, January 15th. They issued a “neutral” rating and a $700.00 target price for the company. Loop Capital lowered 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. JPMorgan Chase & Co. increased their target price on Martin Marietta Materials from $670.00 to $700.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. DA Davidson reiterated a “neutral” rating and issued a $690.00 target price on shares of Martin Marietta Materials in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company lowered their price target on shares of Martin Marietta Materials from $620.00 to $610.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $675.31.

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.