Carillon Tower Advisers Inc. Acquires 25,870 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Carillon Tower Advisers Inc. boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,953 shares of the construction company’s stock after acquiring an additional 25,870 shares during the quarter. Martin Marietta Materials accounts for 0.9% of Carillon Tower Advisers Inc.’s investment portfolio, making the stock its 6th biggest position. Carillon Tower Advisers Inc.’s holdings in Martin Marietta Materials were worth $131,829,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Destination Wealth Management boosted its holdings in Martin Marietta Materials by 825.0% in the second quarter. Destination Wealth Management now owns 111 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Rational Advisors LLC boosted its holdings in Martin Marietta Materials by 2,160.0% in the second quarter. Rational Advisors LLC now owns 113 shares of the construction company’s stock valued at $26,000 after acquiring an additional 108 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Martin Marietta Materials in the second quarter valued at $31,000. Capital Investment Advisory Services LLC boosted its holdings in Martin Marietta Materials by 153.3% in the second quarter. Capital Investment Advisory Services LLC now owns 152 shares of the construction company’s stock valued at $34,000 after acquiring an additional 92 shares during the last quarter. Finally, CSat Investment Advisory L.P. boosted its holdings in Martin Marietta Materials by 55.8% in the second quarter. CSat Investment Advisory L.P. now owns 187 shares of the construction company’s stock valued at $43,000 after acquiring an additional 67 shares during the last quarter.

A number of research analysts recently weighed in on MLM shares. Exane BNP Paribas started coverage on Martin Marietta Materials in a report on Wednesday, October 9th. They issued an “underperform” rating on the stock. BNP Paribas started coverage on Martin Marietta Materials in a report on Wednesday, October 9th. They issued an “underperform” rating on the stock. Barclays reiterated a “hold” rating and issued a $284.00 target price on shares of Martin Marietta Materials in a report on Wednesday, October 16th. Bank of America upgraded Martin Marietta Materials from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 15th. Finally, SunTrust Banks lifted their target price on Martin Marietta Materials from $285.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $259.38.

In other Martin Marietta Materials news, CEO C Howard Nye sold 7,440 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $253.52, for a total transaction of $1,886,188.80. Following the transaction, the chief executive officer now owns 154,544 shares in the company, valued at $39,179,994.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

Shares of MLM opened at $256.90 on Friday. The stock’s 50-day moving average is $265.67 and its two-hundred day moving average is $240.73. The stock has a market cap of $15.83 billion, a PE ratio of 31.76, a P/E/G ratio of 2.35 and a beta of 1.13. Martin Marietta Materials, Inc. has a 12 month low of $160.60 and a 12 month high of $275.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.29 and a quick ratio of 1.35.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.96 EPS for the quarter, topping the Zacks’ consensus estimate of $3.50 by $0.46. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Martin Marietta Materials had a return on equity of 11.52% and a net margin of 12.35%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 earnings per share. On average, research analysts anticipate that Martin Marietta Materials, Inc. will post 9.65 earnings per share for the current year.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

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

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