Tredje AP fonden Lifted Holding in Martin Marietta Materials, Inc. (MLM)

Tredje AP fonden Lifted Holding in Martin Marietta Materials, Inc. (MLM)

Tredje AP fonden raised its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 93.1% during the first quarter, Holdings Channel reports. The fund owned 6,710 shares of the construction company’s stock after buying an additional 3,235 shares during the period. Tredje AP fonden’s holdings in Martin Marietta Materials were worth $1,468,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its stake in Martin Marietta Materials by 102.8% in the first quarter. Neuberger Berman Group LLC now owns 2,584 shares of the construction company’s stock valued at $564,000 after buying an additional 1,310 shares during the last quarter. Cibc World Markets Corp raised its stake in Martin Marietta Materials by 50.9% in the first quarter. Cibc World Markets Corp now owns 6,600 shares of the construction company’s stock valued at $1,440,000 after buying an additional 2,227 shares during the last quarter. William Blair Investment Management LLC raised its stake in Martin Marietta Materials by 9.8% in the first quarter. William Blair Investment Management LLC now owns 379,448 shares of the construction company’s stock valued at $82,815,000 after buying an additional 33,768 shares during the last quarter. Victory Capital Management Inc. raised its stake in Martin Marietta Materials by 4.8% in the first quarter. Victory Capital Management Inc. now owns 15,445 shares of the construction company’s stock valued at $3,371,000 after buying an additional 713 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Martin Marietta Materials by 10.5% in the first quarter. Stifel Financial Corp now owns 32,322 shares of the construction company’s stock valued at $7,044,000 after buying an additional 3,067 shares during the last quarter. 97.26% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials, Inc. (NYSE:MLM) traded down 0.75% on Friday, hitting $226.24. 296,316 shares of the stock traded hands. The firm’s 50 day moving average is $226.82 and its 200 day moving average is $222.75. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 34.14 and a beta of 1.41. Martin Marietta Materials, Inc. has a 52 week low of $167.06 and a 52 week high of $244.32.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, May 2nd. The construction company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 9.95%. The company had revenue of $791.70 million for the quarter, compared to analyst estimates of $729.28 million. During the same period in the prior year, the firm earned $0.69 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 1st will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Tuesday, May 30th. Martin Marietta Materials’s dividend payout ratio is 26.50%.

Several equities research analysts recently issued reports on the stock. Stephens lifted their price objective on shares of Martin Marietta Materials from $246.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, May 4th. Stifel Nicolaus lifted their price objective on shares of Martin Marietta Materials from $258.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Cleveland Research raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating in a research note on Friday, March 31st. Finally, Citigroup Inc started coverage on shares of Martin Marietta Materials in a report on Wednesday, March 29th. They issued a “buy” rating and a $245.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $228.13.

In related news, SVP Donald A. Mccunniff sold 1,391 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $240.17, for a total transaction of $334,076.47. Following the transaction, the senior vice president now directly owns 19,858 shares of the company’s stock, valued at $4,769,295.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman C Howard Nye sold 10,258 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $239.16, for a total transaction of $2,453,303.28. Following the transaction, the chairman now directly owns 143,038 shares in the company, valued at $34,208,968.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,121 shares of company stock worth $4,968,800. 1.06% of the stock is owned by insiders.

About Martin Marietta Materials

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MLM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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