Swiss National Bank Has $101.32 Million Stock Position in Martin Marietta Materials, Inc. $MLM

Swiss National Bank boosted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 184,570 shares of the construction company’s stock after purchasing an additional 12,200 shares during the period. Swiss National Bank’s holdings in Martin Marietta Materials were worth $101,322,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Martin Marietta Materials by 2.3% in the first quarter. Vanguard Group Inc. now owns 7,342,358 shares of the construction company’s stock valued at $3,510,602,000 after acquiring an additional 168,175 shares during the last quarter. JPMorgan Chase & Co. raised its position in Martin Marietta Materials by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,944,694 shares of the construction company’s stock valued at $1,407,947,000 after purchasing an additional 268,928 shares during the last quarter. Amundi raised its position in Martin Marietta Materials by 9.2% in the 1st quarter. Amundi now owns 1,706,416 shares of the construction company’s stock valued at $827,345,000 after purchasing an additional 144,270 shares during the last quarter. Geode Capital Management LLC boosted its stake in Martin Marietta Materials by 0.3% in the second quarter. Geode Capital Management LLC now owns 1,520,932 shares of the construction company’s stock worth $831,331,000 after purchasing an additional 4,666 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Martin Marietta Materials by 2.5% during the first quarter. Northern Trust Corp now owns 633,472 shares of the construction company’s stock worth $302,882,000 after purchasing an additional 15,678 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MLM has been the topic of several research reports. Bank of America upped their price target on shares of Martin Marietta Materials from $577.00 to $643.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Martin Marietta Materials in a research report on Wednesday, October 8th. Royal Bank Of Canada reissued a “sector perform” rating and set a $525.00 price target (up from $515.00) on shares of Martin Marietta Materials in a research note on Friday, August 8th. Morgan Stanley boosted their price objective on shares of Martin Marietta Materials from $576.00 to $605.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Wall Street Zen lowered Martin Marietta Materials from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and a consensus target price of $644.38.

Martin Marietta Materials Price Performance

Martin Marietta Materials stock opened at $604.04 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $36.43 billion, a P/E ratio of 33.50, a PEG ratio of 5.57 and a beta of 1.06. The business has a 50-day moving average of $618.53 and a 200-day moving average of $589.52. Martin Marietta Materials, Inc. has a 1 year low of $441.95 and a 1 year high of $665.18.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.97 earnings per share for the quarter, missing the consensus estimate of $6.62 by ($0.65). The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $2.06 billion. Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%. Martin Marietta Materials has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be issued a dividend of $0.83 per share. The ex-dividend date is Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 0.5%. Martin Marietta Materials’s payout ratio is currently 17.50%.

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.