Union Bancaire Privee UBP SA Makes New $547,000 Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

Union Bancaire Privee UBP SA bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,099 shares of the construction company’s stock, valued at approximately $547,000.

Other hedge funds have also made changes to their positions in the company. First Personal Financial Services purchased a new stake in shares of Martin Marietta Materials in the 3rd quarter worth $33,000. Kestra Investment Management LLC purchased a new stake in shares of Martin Marietta Materials in the 4th quarter worth $35,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Martin Marietta Materials in the 4th quarter worth $41,000. R Squared Ltd purchased a new stake in shares of Martin Marietta Materials during the 4th quarter worth $41,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Martin Marietta Materials during the 3rd quarter worth $49,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials Trading Up 0.2 %

Martin Marietta Materials stock opened at $490.60 on Tuesday. The stock has a 50-day moving average of $528.99 and a two-hundred day moving average of $546.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The stock has a market cap of $29.99 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 4.45 and a beta of 0.91. Martin Marietta Materials, Inc. has a one year low of $482.72 and a one year high of $633.23.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. On average, research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is presently 9.77%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MLM. Raymond James decreased their price objective on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Morgan Stanley decreased their price objective on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Stephens decreased their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Loop Capital decreased their price objective on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price objective for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $639.43.

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.