GAM Holding AG Invests $706,000 in Martin Marietta Materials, Inc. (NYSE:MLM)

GAM Holding AG acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,476 shares of the construction company's stock, valued at approximately $706,000.

Several other institutional investors also recently bought and sold shares of MLM. Venturi Wealth Management LLC grew its stake in Martin Marietta Materials by 131.5% during the fourth quarter. Venturi Wealth Management LLC now owns 375 shares of the construction company's stock worth $194,000 after buying an additional 213 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Martin Marietta Materials by 22.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,729 shares of the construction company's stock worth $1,926,000 after purchasing an additional 675 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter worth $35,000. Private Advisor Group LLC lifted its position in shares of Martin Marietta Materials by 11.8% during the fourth quarter. Private Advisor Group LLC now owns 1,630 shares of the construction company's stock worth $842,000 after purchasing an additional 172 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Martin Marietta Materials by 8.6% during the fourth quarter. Handelsbanken Fonder AB now owns 29,788 shares of the construction company's stock worth $15,386,000 after purchasing an additional 2,348 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Seaport Res Ptn raised shares of Martin Marietta Materials to a "strong-buy" rating in a research report on Friday, March 21st. Royal Bank Of Canada assumed coverage on shares of Martin Marietta Materials in a research report on Monday, June 16th. They set a "sector perform" rating and a $515.00 target price on the stock. Morgan Stanley boosted their target price on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Raymond James Financial reduced their target price on shares of Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus boosted their target price on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Martin Marietta Materials presently has a consensus rating of "Moderate Buy" and an average target price of $603.86.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM traded down $1.18 on Friday, reaching $537.61. 954,267 shares of the company's stock were exchanged, compared to its average volume of 485,623. The firm has a market capitalization of $32.41 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 4.88 and a beta of 0.89. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The business's 50-day moving average is $535.97 and its two-hundred day moving average is $520.54. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.58.

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

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.59%. Martin Marietta Materials's dividend payout ratio (DPR) is 18.20%.

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.