1,689 Shares in Martin Marietta Materials, Inc. (MLM) Acquired by HRT Financial LLC

HRT Financial LLC acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,689 shares of the construction company’s stock, valued at approximately $290,000.

Several other hedge funds have also made changes to their positions in MLM. Commonwealth Equity Services LLC grew its position in shares of Martin Marietta Materials by 30.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,587 shares of the construction company’s stock valued at $834,000 after purchasing an additional 1,075 shares in the last quarter. AXA grew its position in shares of Martin Marietta Materials by 3.5% in the third quarter. AXA now owns 10,978 shares of the construction company’s stock valued at $1,998,000 after purchasing an additional 370 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Martin Marietta Materials by 6.1% in the third quarter. Bank of New York Mellon Corp now owns 1,068,260 shares of the construction company’s stock valued at $194,369,000 after purchasing an additional 61,606 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Martin Marietta Materials by 8.7% in the third quarter. PNC Financial Services Group Inc. now owns 39,521 shares of the construction company’s stock valued at $7,190,000 after purchasing an additional 3,172 shares in the last quarter. Finally, American International Group Inc. grew its position in shares of Martin Marietta Materials by 6.0% in the third quarter. American International Group Inc. now owns 24,867 shares of the construction company’s stock valued at $4,525,000 after purchasing an additional 1,417 shares in the last quarter.

Several brokerages have recently weighed in on MLM. JPMorgan Chase & Co. began coverage on Martin Marietta Materials in a research report on Thursday, March 21st. They issued an “overweight” rating and a $225.00 price target for the company. Goldman Sachs Group upgraded Martin Marietta Materials from a “neutral” rating to a “buy” rating and lifted their price target for the company from $207.00 to $232.00 in a research report on Thursday. Deutsche Bank boosted their target price on Martin Marietta Materials from $198.00 to $207.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Citigroup reduced their target price on Martin Marietta Materials from $231.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 3rd. Finally, Zacks Investment Research upgraded Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Martin Marietta Materials currently has an average rating of “Buy” and an average price target of $217.36.

Shares of NYSE MLM traded down $0.51 during midday trading on Monday, reaching $211.65. The company had a trading volume of 450,600 shares, compared to its average volume of 703,607. Martin Marietta Materials, Inc. has a one year low of $150.75 and a one year high of $232.88. The company has a current ratio of 1.74, a quick ratio of 0.89 and a debt-to-equity ratio of 0.55. The firm has a market cap of $13.26 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, February 12th. The construction company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Martin Marietta Materials had a net margin of 11.07% and a return on equity of 10.31%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm posted $1.88 EPS. The company’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Martin Marietta Materials, Inc. will post 8.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 4th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, March 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 23.73%.

In other Martin Marietta Materials news, Director Sue W. Cole sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $195.07, for a total transaction of $292,605.00. Following the completion of the transaction, the director now owns 20,933 shares of the company’s stock, valued at approximately $4,083,400.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donald A. Mccunniff sold 660 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $190.90, for a total value of $125,994.00. Following the transaction, the senior vice president now directly owns 15,349 shares of the company’s stock, valued at approximately $2,930,124.10. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

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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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