Chevy Chase Trust Holdings Inc. lowered its position in Martin Marietta Materials Inc. (NYSE:MLM) by 2.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 56,520 shares of the company’s stock after selling 1,476 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Martin Marietta Materials worth $10,123,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Martin Marietta Materials by 1.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 530 shares of the company’s stock worth $101,000 after buying an additional 5 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Martin Marietta Materials by 5.9% in the second quarter. Checchi Capital Advisers LLC now owns 686 shares of the company’s stock valued at $132,000 after buying an additional 38 shares in the last quarter. BlueMountain Capital Management LLC boosted its stake in Martin Marietta Materials by 1,196.3% in the second quarter. BlueMountain Capital Management LLC now owns 700 shares of the company’s stock valued at $134,000 after buying an additional 646 shares in the last quarter. Bessemer Group Inc. bought a new stake in Martin Marietta Materials during the second quarter valued at approximately $134,000. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in Martin Marietta Materials by 133.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 809 shares of the company’s stock valued at $155,000 after buying an additional 463 shares in the last quarter. 97.35% of the stock is currently owned by institutional investors.

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

Martin Marietta Materials Inc. (NYSE:MLM) traded up 0.49% on Friday, hitting $225.31. 239,606 shares of the stock traded hands. Martin Marietta Materials Inc. has a 52 week low of $108.31 and a 52 week high of $236.41. The stock has a 50 day moving average of $196.16 and a 200 day moving average of $190.67. The firm has a market capitalization of $14.30 billion, a PE ratio of 35.55 and a beta of 1.35.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $2.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by $0.08. Martin Marietta Materials had a return on equity of 9.95% and a net margin of 11.03%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $2.04 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Martin Marietta Materials Inc. will post $7.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 29th. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 26.50%.

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Several equities research analysts recently commented on MLM shares. DA Davidson boosted their price objective on shares of Martin Marietta Materials from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. SunTrust Banks Inc. raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $206.00 price objective on the stock in a research report on Wednesday, October 26th. Stephens cut shares of Martin Marietta Materials from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 17th. Jefferies Group reaffirmed a “hold” rating on shares of Martin Marietta Materials in a research report on Wednesday, August 31st. Finally, Bank of America Corp. cut shares of Martin Marietta Materials from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $203.43.

In other Martin Marietta Materials news, SVP Daniel L. Grant sold 1,038 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $224.89, for a total value of $233,435.82. Following the completion of the sale, the senior vice president now directly owns 12,609 shares in the company, valued at $2,835,638.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman C Howard Nye sold 8,691 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $224.68, for a total transaction of $1,952,693.88. Following the completion of the sale, the chairman now owns 120,406 shares of the company’s stock, valued at $27,052,820.08. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business.

5 Day Chart for NYSE:MLM

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