Martin Marietta Materials, Inc. (MLM) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. cut its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 33.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,150 shares of the construction company’s stock after selling 2,050 shares during the quarter. New England Research & Management Inc.’s holdings in Martin Marietta Materials were worth $917,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Confluence Investment Management LLC increased its stake in shares of Martin Marietta Materials by 2.6% during the fourth quarter. Confluence Investment Management LLC now owns 439,487 shares of the construction company’s stock valued at $97,144,000 after buying an additional 10,991 shares during the period. Renaissance Investment Group LLC increased its stake in shares of Martin Marietta Materials by 3.9% during the fourth quarter. Renaissance Investment Group LLC now owns 13,332 shares of the construction company’s stock valued at $2,947,000 after buying an additional 499 shares during the period. Atlantic Trust Group LLC purchased a new position in shares of Martin Marietta Materials during the third quarter valued at approximately $2,739,000. Parametric Portfolio Associates LLC increased its stake in shares of Martin Marietta Materials by 5.1% during the third quarter. Parametric Portfolio Associates LLC now owns 79,515 shares of the construction company’s stock valued at $16,398,000 after buying an additional 3,858 shares during the period. Finally, Moors & Cabot Inc. purchased a new position in shares of Martin Marietta Materials during the third quarter valued at approximately $266,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials, Inc. (MLM) traded up $2.92 during midday trading on Tuesday, hitting $230.25. The company had a trading volume of 574,500 shares, compared to its average volume of 741,300. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. Martin Marietta Materials, Inc. has a one year low of $191.09 and a one year high of $244.32. The company has a market capitalization of $14,470.00, a price-to-earnings ratio of 33.56, a PEG ratio of 1.92 and a beta of 1.12.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The firm had revenue of $1.02 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $2.49 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. research analysts predict that Martin Marietta Materials, Inc. will post 6.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 1st were given a dividend of $0.44 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.76 annualized dividend and a dividend yield of 0.76%. Martin Marietta Materials’s dividend payout ratio is presently 25.66%.

Several equities analysts have recently issued reports on the company. Stephens reissued a “hold” rating and set a $250.00 target price on shares of Martin Marietta Materials in a research note on Wednesday, January 3rd. Barclays assumed coverage on Martin Marietta Materials in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $227.00 target price on the stock. DA Davidson reissued a “hold” rating and set a $225.00 target price on shares of Martin Marietta Materials in a research note on Friday, November 3rd. SunTrust Banks reissued a “buy” rating and set a $228.00 target price on shares of Martin Marietta Materials in a research note on Friday, October 27th. Finally, Bank of America dropped their price target on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $240.50.

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Martin Marietta Materials 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.

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

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