Banque Cantonale Vaudoise Grows Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Banque Cantonale Vaudoise boosted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 49.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,863 shares of the construction company's stock after buying an additional 952 shares during the period. Banque Cantonale Vaudoise's holdings in Martin Marietta Materials were worth $1,541,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. boosted its position in shares of Martin Marietta Materials by 411.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company's stock valued at $25,000 after acquiring an additional 37 shares during the last quarter. Asset Dedication LLC boosted its holdings in Martin Marietta Materials by 1,300.0% in the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company's stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at approximately $33,000. Fortitude Family Office LLC increased its holdings in shares of Martin Marietta Materials by 186.4% during the 2nd quarter. Fortitude Family Office LLC now owns 63 shares of the construction company's stock worth $34,000 after buying an additional 41 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Martin Marietta Materials during the 1st quarter valued at approximately $41,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MLM shares. UBS Group started coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $730.00 target price for the company. Loop Capital raised their price objective on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Truist Financial decreased their target price on shares of Martin Marietta Materials from $700.00 to $670.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. BNP Paribas upgraded shares of Martin Marietta Materials to a "strong-buy" rating in a research report on Thursday, September 19th. Finally, StockNews.com raised shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $634.85.

Martin Marietta Materials Stock Up 0.4 %

Shares of NYSE MLM opened at $585.26 on Thursday. The stock has a market cap of $35.77 billion, a P/E ratio of 18.24, a PEG ratio of 3.89 and a beta of 0.90. The business's fifty day simple moving average is $560.58 and its 200-day simple moving average is $556.31. Martin Marietta Materials, Inc. has a 12-month low of $456.83 and a 12-month high of $633.23. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business earned $6.94 EPS. Martin Marietta Materials's revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 17.84 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, December 2nd. Martin Marietta Materials's dividend payout ratio is presently 9.85%.

Martin Marietta Materials 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.