Martin Marietta Materials, Inc. (NYSE:MLM) Stock Holdings Cut by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich reduced its holdings in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,765 shares of the construction company's stock after selling 1,032 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Martin Marietta Materials were worth $9,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Martin Marietta Materials by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 7,174,183 shares of the construction company's stock worth $3,705,466,000 after acquiring an additional 36,531 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Martin Marietta Materials by 6.6% in the first quarter. Principal Financial Group Inc. now owns 1,940,423 shares of the construction company's stock worth $927,775,000 after buying an additional 120,679 shares during the period. Geode Capital Management LLC boosted its position in shares of Martin Marietta Materials by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,472,411 shares of the construction company's stock worth $758,499,000 after buying an additional 32,082 shares during the period. Invesco Ltd. boosted its position in shares of Martin Marietta Materials by 5.4% in the fourth quarter. Invesco Ltd. now owns 873,629 shares of the construction company's stock worth $451,229,000 after buying an additional 44,680 shares during the period. Finally, Alkeon Capital Management LLC boosted its position in shares of Martin Marietta Materials by 46.6% in the fourth quarter. Alkeon Capital Management LLC now owns 771,198 shares of the construction company's stock worth $398,324,000 after buying an additional 245,000 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

MLM traded up $5.05 during trading hours on Friday, hitting $586.49. The company's stock had a trading volume of 118,231 shares, compared to its average volume of 483,212. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $35.35 billion, a PE ratio of 33.75, a PEG ratio of 5.23 and a beta of 0.87. The company has a 50-day simple moving average of $554.71 and a 200 day simple moving average of $523.69.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.88 by $0.02. Martin Marietta Materials had a return on equity of 12.01% and a net margin of 16.07%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same period last year, the firm earned $1.93 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts expect that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, June 2nd. Martin Marietta Materials's payout ratio is currently 18.20%.

Wall Street Analyst Weigh In

MLM has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Martin Marietta Materials from $561.00 to $576.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen downgraded Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Stifel Nicolaus increased their price target on Martin Marietta Materials from $559.00 to $609.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Raymond James Financial reduced their price target on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada started coverage on Martin Marietta Materials in a report on Monday, June 16th. They issued a "sector perform" rating and a $515.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $603.86.

About Martin Marietta Materials

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.