Martin Marietta Materials, Inc. (MLM) Stake Increased by National Pension Service

National Pension Service raised its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,883 shares of the construction company’s stock after buying an additional 3,873 shares during the period. National Pension Service’s holdings in Martin Marietta Materials were worth $15,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stevens Capital Management LP bought a new stake in shares of Martin Marietta Materials during the second quarter valued at approximately $794,000. Profund Advisors LLC grew its stake in shares of Martin Marietta Materials by 0.3% during the second quarter. Profund Advisors LLC now owns 1,600 shares of the construction company’s stock valued at $356,000 after purchasing an additional 5 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Martin Marietta Materials by 7.3% during the second quarter. UBS Asset Management Americas Inc. now owns 172,661 shares of the construction company’s stock valued at $38,431,000 after purchasing an additional 11,709 shares during the last quarter. Suntrust Banks Inc. grew its stake in shares of Martin Marietta Materials by 7.2% during the second quarter. Suntrust Banks Inc. now owns 1,817 shares of the construction company’s stock valued at $403,000 after purchasing an additional 122 shares during the last quarter. Finally, Cibc World Markets Corp grew its stake in shares of Martin Marietta Materials by 34.0% during the second quarter. Cibc World Markets Corp now owns 8,842 shares of the construction company’s stock valued at $1,968,000 after purchasing an additional 2,242 shares during the last quarter. 97.42% of the stock is owned by institutional investors.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research note on Friday, January 19th. Stephens reissued a “hold” rating and set a $250.00 price target on shares of Martin Marietta Materials in a research note on Wednesday, January 3rd. Barclays assumed coverage on shares of Martin Marietta Materials in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $227.00 price target on the stock. DA Davidson reissued a “hold” rating and set a $225.00 price target on shares of Martin Marietta Materials in a research note on Friday, November 3rd. Finally, SunTrust Banks reissued a “buy” rating and set a $228.00 price target on shares of Martin Marietta Materials in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $240.50.

Martin Marietta Materials, Inc. (NYSE:MLM) opened at $231.42 on Wednesday. Martin Marietta Materials, Inc. has a 52 week low of $191.09 and a 52 week high of $244.32. The stock has a market cap of $14,250.89, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12. 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 (NYSE:MLM) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $2.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.07 billion. During the same period in the previous year, the business posted $2.49 earnings per share. Martin Marietta Materials’s revenue was down 1.5% compared to the same quarter last year. equities research analysts predict that Martin Marietta Materials, Inc. will post 6.75 EPS for the current year.

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

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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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