Franklin Street Advisors Inc. NC Raises Position in Martin Marietta Materials, Inc. (MLM)

Franklin Street Advisors Inc. NC boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,335 shares of the construction company’s stock after purchasing an additional 8,650 shares during the period. Martin Marietta Materials comprises about 1.5% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 21st largest holding. Franklin Street Advisors Inc. NC’s holdings in Martin Marietta Materials were worth $10,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Sun Life Financial INC lifted its stake in Martin Marietta Materials by 6,442.9% in the 2nd quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock valued at $102,000 after purchasing an additional 451 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Martin Marietta Materials by 130.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock valued at $120,000 after purchasing an additional 305 shares during the last quarter. Highlander Capital Management LLC bought a new position in Martin Marietta Materials in the 3rd quarter valued at approximately $124,000. Massey Quick Simon & CO. LLC bought a new position in Martin Marietta Materials in the 3rd quarter valued at approximately $152,000. Finally, Westwood Holdings Group Inc. bought a new position in Martin Marietta Materials in the 2nd quarter valued at approximately $187,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) traded down $2.24 during midday trading on Wednesday, reaching $228.01. 656,900 shares of the company’s stock traded hands, compared to its average volume of 727,233. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73. Martin Marietta Materials, Inc. has a 1 year low of $191.09 and a 1 year high of $244.32. The firm has a market cap of $14,230.00, a PE ratio of 33.24, a P/E/G ratio of 1.92 and a beta of 1.12.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share (EPS) 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 business had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted $2.49 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. analysts expect that Martin Marietta Materials, Inc. will post 6.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, November 30th. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 25.66%.

MLM has been the subject of several research reports. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Citigroup reissued a “buy” rating and issued a $260.00 price objective (down previously from $270.00) on shares of Martin Marietta Materials in a research note on Monday, October 9th. Jefferies Group reissued a “buy” rating and issued a $240.00 price objective on shares of Martin Marietta Materials in a research note on Wednesday, October 11th. Bank of America dropped their price objective on shares of Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Finally, SunTrust Banks reissued a “buy” rating and issued a $228.00 price objective on shares of Martin Marietta Materials in a research note on Friday, October 27th. One research analyst has 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 currently has a consensus rating of “Hold” and an average price target of $240.50.

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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.

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

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