National Pension Service Purchases 4,738 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

National Pension Service grew its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 90,783 shares of the construction company’s stock after acquiring an additional 4,738 shares during the quarter. National Pension Service’s holdings in Martin Marietta Materials were worth $24,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MLM. Marshall Wace North America L.P. bought a new position in shares of Martin Marietta Materials during the 1st quarter valued at approximately $62,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of Martin Marietta Materials by 18.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 26,779 shares of the construction company’s stock valued at $5,387,000 after acquiring an additional 4,176 shares during the last quarter. NEXT Financial Group Inc boosted its position in shares of Martin Marietta Materials by 107.7% during the 2nd quarter. NEXT Financial Group Inc now owns 760 shares of the construction company’s stock valued at $175,000 after acquiring an additional 394 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Martin Marietta Materials by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,153 shares of the construction company’s stock valued at $1,185,000 after acquiring an additional 221 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Martin Marietta Materials by 1,113.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 7,316 shares of the construction company’s stock valued at $1,684,000 after acquiring an additional 6,713 shares during the last quarter. Hedge funds and other institutional investors own 99.07% of the company’s stock.

Shares of MLM opened at $268.40 on Monday. The company has a quick ratio of 1.35, a current ratio of 2.29 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $263.63 and a 200 day moving average of $245.26. Martin Marietta Materials, Inc. has a 52-week low of $160.60 and a 52-week high of $275.99. The company has a market cap of $16.99 billion, a PE ratio of 33.18, a P/E/G ratio of 2.45 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, October 29th. The construction company reported $3.96 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.46. Martin Marietta Materials had a return on equity of 11.52% and a net margin of 12.35%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted $2.85 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 9.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd will be paid a $0.55 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.20 dividend on an annualized basis and a yield of 0.82%. Martin Marietta Materials’s payout ratio is 27.19%.

In other Martin Marietta Materials news, Director John J. Koraleski bought 1,000 shares of Martin Marietta Materials stock in a transaction on Monday, November 25th. The shares were acquired at an average price of $260.23 per share, for a total transaction of $260,230.00. Following the completion of the purchase, the director now directly owns 3,250 shares in the company, valued at approximately $845,747.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

A number of research firms have recently commented on MLM. Deutsche Bank began coverage on Martin Marietta Materials in a research report on Wednesday, November 27th. They set a “hold” rating and a $292.00 target price for the company. DA Davidson raised their price target on Martin Marietta Materials to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on Martin Marietta Materials from $265.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Barclays restated a “hold” rating and issued a $284.00 price target on shares of Martin Marietta Materials in a research report on Wednesday, October 16th. Finally, Longbow Research set a $265.00 price target on Martin Marietta Materials and gave the stock a “buy” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $263.08.

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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