Vontobel Holding Ltd. Has $446,000 Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Vontobel Holding Ltd. increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 30.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 933 shares of the construction company’s stock after purchasing an additional 218 shares during the quarter. Vontobel Holding Ltd.’s holdings in Martin Marietta Materials were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Martin Marietta Materials by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 7,174,183 shares of the construction company’s stock worth $3,705,466,000 after purchasing an additional 36,531 shares in the last quarter. Geode Capital Management LLC grew its holdings in Martin Marietta Materials by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,472,411 shares of the construction company’s stock worth $758,499,000 after acquiring an additional 32,082 shares during the last quarter. Invesco Ltd. grew its holdings in Martin Marietta Materials by 5.4% during the 4th quarter. Invesco Ltd. now owns 873,629 shares of the construction company’s stock worth $451,229,000 after acquiring an additional 44,680 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in Martin Marietta Materials by 46.6% during the 4th quarter. Alkeon Capital Management LLC now owns 771,198 shares of the construction company’s stock worth $398,324,000 after acquiring an additional 245,000 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Martin Marietta Materials by 58,570.5% during the 1st quarter. GAMMA Investing LLC now owns 697,592 shares of the construction company’s stock worth $333,540,000 after acquiring an additional 696,403 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

MLM has been the topic of a number of research analyst reports. Loop Capital decreased their price objective on shares of Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Royal Bank Of Canada initiated coverage on shares of Martin Marietta Materials in a report on Monday, June 16th. They set a “sector perform” rating and a $515.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Martin Marietta Materials from $559.00 to $609.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. UBS Group raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $548.00 to $634.00 in a report on Friday, May 16th. Finally, Morgan Stanley increased their price objective on shares of Martin Marietta Materials from $561.00 to $576.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $603.86.

Martin Marietta Materials Trading Down 0.3%

NYSE MLM opened at $556.16 on Tuesday. The stock has a 50-day simple moving average of $547.85 and a 200 day simple moving average of $520.07. The company has a market capitalization of $33.53 billion, a PE ratio of 32.04, a P/E/G ratio of 5.07 and a beta of 0.87. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. Martin Marietta Materials, Inc. has a 12 month low of $441.95 and a 12 month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Martin Marietta Materials had a return on equity of 12.01% and a net margin of 16.07%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.93 earnings per share. Research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were issued a $0.79 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.16 annualized dividend and a dividend yield of 0.57%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 18.20%.

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.