Engineers Gate Manager LP bought a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,974 shares of the construction company’s stock, valued at approximately $1,644,000.

Other hedge funds have also bought and sold shares of the company. Sun Life Financial INC increased its holdings in shares of Martin Marietta Materials by 6,442.9% during the 2nd quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock worth $102,000 after acquiring an additional 451 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Martin Marietta Materials by 130.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock worth $120,000 after acquiring an additional 305 shares during the last quarter. Dupont Capital Management Corp acquired a new position in shares of Martin Marietta Materials during the 2nd quarter worth approximately $128,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $152,000. Finally, Westwood Holdings Group Inc. acquired a new position in shares of Martin Marietta Materials during the 2nd quarter worth approximately $187,000. 97.45% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the company. DA Davidson reissued a “hold” rating and set a $225.00 target price on shares of Martin Marietta Materials in a report on Friday, November 3rd. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Citigroup reaffirmed a “buy” rating and issued a $260.00 price objective (down from $270.00) on shares of Martin Marietta Materials in a report on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Martin Marietta Materials in a report on Wednesday, October 11th. Finally, Bank of America decreased their price objective on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $242.43.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) traded down $1.55 during midday trading on Monday, reaching $212.55. The company’s stock had a trading volume of 76,936 shares, compared to its average volume of 638,467. The company has a current ratio of 2.73, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Martin Marietta Materials, Inc. has a 52-week low of $191.09 and a 52-week high of $244.32. The firm has a market cap of $13,460.00, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $2.39 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 firm had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company earned $2.49 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. research analysts expect that Martin Marietta Materials, Inc. will post 6.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.83%. Martin Marietta Materials’s payout ratio is 25.66%.

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Martin Marietta Materials Profile

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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