Union Bancaire Privee UBP SA Takes $547,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Union Bancaire Privee UBP SA purchased a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,099 shares of the construction company's stock, valued at approximately $547,000.

A number of other hedge funds have also added to or reduced their stakes in MLM. JPMorgan Chase & Co. increased its stake in shares of Martin Marietta Materials by 23.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock valued at $1,441,663,000 after purchasing an additional 506,705 shares during the last quarter. FMR LLC grew its position in Martin Marietta Materials by 15.3% in the third quarter. FMR LLC now owns 2,515,441 shares of the construction company's stock valued at $1,353,936,000 after acquiring an additional 334,605 shares during the last quarter. Principal Financial Group Inc. raised its stake in Martin Marietta Materials by 76.2% during the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock worth $876,648,000 after acquiring an additional 704,460 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Martin Marietta Materials by 1.9% in the third quarter. Franklin Resources Inc. now owns 534,801 shares of the construction company's stock worth $295,397,000 after acquiring an additional 9,908 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its stake in shares of Martin Marietta Materials by 54.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company's stock valued at $251,784,000 after purchasing an additional 164,503 shares in the last quarter. 95.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. UBS Group began coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $730.00 price target for the company. HSBC upgraded Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price objective on the stock in a research report on Wednesday, December 11th. Wolfe Research upgraded Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 target price for the company in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $648.71.

Martin Marietta Materials Trading Down 0.3 %

Shares of NYSE:MLM traded down $1.66 during trading on Wednesday, reaching $540.51. The stock had a trading volume of 308,575 shares, compared to its average volume of 349,805. Martin Marietta Materials, Inc. has a 52 week low of $490.05 and a 52 week high of $633.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The firm's fifty day moving average is $549.29 and its 200 day moving average is $551.41. The stock has a market cap of $33.04 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 3.21 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company posted $6.94 EPS. The business's revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 17.57 EPS for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were given a dividend of $0.79 per share. The ex-dividend date was Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.58%. Martin Marietta Materials's payout ratio is 9.85%.

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.