GAM Holding AG held its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,209 shares of the construction company’s stock at the end of the second quarter. GAM Holding AG’s holdings in Martin Marietta Materials were worth $3,608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Martin Marietta Materials by 3.3% in the first quarter. Vanguard Group Inc. now owns 6,229,398 shares of the construction company’s stock worth $1,359,565,000 after buying an additional 198,069 shares in the last quarter. BlackRock Inc. raised its position in shares of Martin Marietta Materials by 3,137.5% in the first quarter. BlackRock Inc. now owns 3,736,667 shares of the construction company’s stock worth $815,527,000 after buying an additional 3,621,250 shares in the last quarter. Egerton Capital UK LLP raised its position in shares of Martin Marietta Materials by 329.1% in the second quarter. Egerton Capital UK LLP now owns 1,967,865 shares of the construction company’s stock worth $438,007,000 after buying an additional 1,509,258 shares in the last quarter. Aristotle Capital Management LLC raised its position in shares of Martin Marietta Materials by 4.8% in the first quarter. Aristotle Capital Management LLC now owns 1,544,722 shares of the construction company’s stock worth $337,136,000 after buying an additional 70,095 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Martin Marietta Materials by 21.8% in the first quarter. Principal Financial Group Inc. now owns 1,333,161 shares of the construction company’s stock worth $290,962,000 after buying an additional 238,711 shares in the last quarter. 98.25% of the stock is currently owned by institutional investors.

Shares of Martin Marietta Materials, Inc. (NYSE:MLM) opened at 195.54 on Friday. The stock’s 50 day moving average price is $215.04 and its 200-day moving average price is $220.57. Martin Marietta Materials, Inc. has a 12-month low of $167.06 and a 12-month high of $244.32. The firm has a market capitalization of $12.29 billion, a P/E ratio of 28.14 and a beta of 1.14.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, August 1st. The construction company reported $2.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by $0.13. Martin Marietta Materials had a return on equity of 10.69% and a net margin of 11.19%. The business had revenue of $996.30 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.90 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts expect that Martin Marietta Materials, Inc. will post $7.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.44 per share. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, August 31st. This represents a $1.76 annualized dividend and a yield of 0.90%. Martin Marietta Materials’s dividend payout ratio is presently 24.14%.

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MLM has been the topic of a number of recent analyst reports. Jefferies Group LLC set a $166.00 price target on Martin Marietta Materials and gave the stock a “hold” rating in a research note on Monday, August 21st. Zacks Investment Research lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Stifel Nicolaus increased their price target on Martin Marietta Materials from $258.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Finally, Stephens increased their price target on Martin Marietta Materials from $246.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $220.57.

In other Martin Marietta Materials news, Director John J. Koraleski bought 500 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $198.37 per share, for a total transaction of $99,185.00. Following the completion of the acquisition, the director now owns 1,439 shares of the company’s stock, valued at approximately $285,454.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.45% of the company’s stock.

About Martin Marietta Materials

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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