Swiss National Bank Has $109.52 Million Stock Holdings in Martin Marietta Materials, Inc. $MLM

Key Points

• Swiss National Bank trimmed its stake in Martin Marietta Materials by 5.9% in Q3, selling 10,800 shares and now holds 173,770 shares (about 0.29%) valued at roughly $109.52 million.
• Martin Marietta reported quarterly EPS of $4.62, missing the $4.81 consensus, and revenue of $1.53 billion versus $1.66 billion expected, although revenue was up 9.3% year‑over‑year.
• The company declared a quarterly dividend of $0.83 (annualized $3.32, ~0.5% yield); institutional investors own 95.04% of the stock and analysts are split with an average rating of Hold and a $696.88 consensus target (8 Buy / 8 Hold / 1 Sell).

Swiss National Bank lowered its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 173,770 shares of the construction company's stock after selling 10,800 shares during the quarter. Swiss National Bank owned about 0.29% of Martin Marietta Materials worth $109,524,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schear Investment Advisers LLC lifted its stake in Martin Marietta Materials by 0.6% in the third quarter. Schear Investment Advisers LLC now owns 2,731 shares of the construction company's stock valued at $1,721,000 after buying an additional 16 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Martin Marietta Materials by 10.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company's stock worth $99,000 after buying an additional 17 shares during the period. Daymark Wealth Partners LLC increased its stake in shares of Martin Marietta Materials by 3.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 448 shares of the construction company's stock valued at $283,000 after acquiring an additional 17 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Martin Marietta Materials by 2.9% in the 3rd quarter. Ritholtz Wealth Management now owns 646 shares of the construction company's stock valued at $407,000 after acquiring an additional 18 shares during the period. Finally, Snowden Capital Advisors LLC boosted its stake in Martin Marietta Materials by 1.9% during the 2nd quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company's stock worth $533,000 after acquiring an additional 18 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Price Performance

MLM stock opened at $607.49 on Wednesday. The stock has a 50-day moving average price of $656.48 and a two-hundred day moving average price of $633.23. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $710.97. The stock has a market cap of $36.64 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. The company has a current ratio of 3.57, a quick ratio of 2.36 and a debt-to-equity ratio of 0.53.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company earned $4.79 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 2nd will be issued a dividend of $0.83 per share. The ex-dividend date is Monday, March 2nd. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials's dividend payout ratio is presently 17.66%.

Analyst Ratings Changes

Several research firms have weighed in on MLM. Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $637.00 to $681.00 and gave the stock a "buy" rating in a report on Tuesday, November 11th. DA Davidson set a $680.00 target price on Martin Marietta Materials in a report on Thursday, February 12th. Weiss Ratings downgraded Martin Marietta Materials from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, February 23rd. Citigroup lifted their price objective on Martin Marietta Materials from $780.00 to $804.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Finally, 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 note on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $696.88.

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.

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