Martin Marietta Materials, Inc. (NYSE:MLM) Stake Boosted by BB&T Corp

BB&T Corp raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 27.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,733 shares of the construction company’s stock after buying an additional 2,757 shares during the period. BB&T Corp’s holdings in Martin Marietta Materials were worth $2,834,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MLM. Benjamin F. Edwards & Company Inc. raised its stake in shares of Martin Marietta Materials by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,200 shares of the construction company’s stock worth $262,000 after buying an additional 7 shares during the last quarter. Trust Co raised its stake in shares of Martin Marietta Materials by 0.4% in the fourth quarter. Trust Co now owns 2,549 shares of the construction company’s stock worth $565,000 after buying an additional 10 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Martin Marietta Materials by 1.6% in the first quarter. Coldstream Capital Management Inc. now owns 1,289 shares of the construction company’s stock worth $281,000 after buying an additional 20 shares during the last quarter. First Personal Financial Services raised its stake in shares of Martin Marietta Materials by 4.5% in the first quarter. First Personal Financial Services now owns 513 shares of the construction company’s stock worth $112,000 after buying an additional 22 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of Martin Marietta Materials by 0.4% in the first quarter. Mason Street Advisors LLC now owns 8,715 shares of the construction company’s stock worth $1,902,000 after buying an additional 33 shares during the last quarter. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) opened at 204.77 on Friday. The company has a 50-day moving average price of $221.66 and a 200 day moving average price of $222.91. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 29.47 and a beta of 1.14. Martin Marietta Materials, Inc. has a one year low of $167.06 and a one year high of $244.32.

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

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A number of brokerages have recently issued reports on MLM. Stephens lifted their target price on Martin Marietta Materials from $246.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 4th. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. BidaskClub lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Stifel Nicolaus lifted their target price on Martin Marietta Materials from $258.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $229.67.

Martin Marietta Materials Company Profile

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.

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

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