UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,901 shares of the construction company's stock after acquiring an additional 36,040 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.52% of Martin Marietta Materials worth $163,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Lee Danner & Bass Inc. bought a new position in Martin Marietta Materials during the 4th quarter worth $28,000. Whipplewood Advisors LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter valued at approximately $35,000. Hopwood Financial Services Inc. bought a new position in shares of Martin Marietta Materials in the fourth quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Martin Marietta Materials by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 71 shares of the construction company's stock valued at $37,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Stock Performance

MLM stock traded down $14.96 during midday trading on Wednesday, reaching $552.53. 141,386 shares of the company's stock traded hands, compared to its average volume of 485,345. The company has a 50-day moving average price of $511.47 and a two-hundred day moving average price of $526.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a 52 week low of $441.95 and a 52 week high of $633.23. The firm has a market capitalization of $33.31 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 4.45 and a beta of 0.89.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.02. The firm 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 30.54% and a return on equity of 12.11%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.93 earnings per share. As a group, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a $0.79 dividend. The ex-dividend date is Monday, June 2nd. This represents a $3.16 annualized dividend and a yield of 0.57%. Martin Marietta Materials's dividend payout ratio (DPR) is presently 18.20%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MLM. Stephens reduced their target price on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Raymond James dropped their price objective on Martin Marietta Materials from $600.00 to $597.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Barclays dropped their price objective on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Loop Capital dropped their price objective on Martin Marietta Materials from $645.00 to $615.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. downgraded Martin Marietta Materials from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $640.00 to $560.00 in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Martin Marietta Materials presently has an average rating of "Moderate Buy" and an average price target of $610.69.

Insider Buying and Selling

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the sale, the executive vice president now directly owns 3,523 shares in the company, valued at approximately $1,673,425. This represents a 27.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael J. Petro bought 550 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $454.37 per share, with a total value of $249,903.50. Following the completion of the acquisition, the senior vice president now owns 8,985 shares of the company's stock, valued at $4,082,514.45. This trade represents a 6.52% increase in their position. The disclosure for this purchase can be found here. 0.69% of the stock is owned by company insiders.

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.