Martin Marietta Materials, Inc. (MLM) Shares Bought by Aviva PLC

Aviva PLC raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,049 shares of the construction company’s stock after buying an additional 11,397 shares during the period. Aviva PLC owned about 0.16% of Martin Marietta Materials worth $18,022,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Global X Management Co LLC boosted its holdings in shares of Martin Marietta Materials by 4.8% during the 2nd quarter. Global X Management Co LLC now owns 15,519 shares of the construction company’s stock worth $3,466,000 after purchasing an additional 707 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of Martin Marietta Materials by 6.6% during the 2nd quarter. Select Equity Group L.P. now owns 1,937,854 shares of the construction company’s stock worth $432,781,000 after purchasing an additional 119,936 shares during the last quarter. Iridian Asset Management LLC CT boosted its holdings in shares of Martin Marietta Materials by 5.3% during the 3rd quarter. Iridian Asset Management LLC CT now owns 1,901,719 shares of the construction company’s stock worth $346,018,000 after purchasing an additional 94,983 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of Martin Marietta Materials by 0.7% during the 3rd quarter. Confluence Investment Management LLC now owns 447,331 shares of the construction company’s stock worth $81,392,000 after purchasing an additional 3,238 shares during the last quarter. Finally, Reliance Trust Co. of Delaware boosted its holdings in shares of Martin Marietta Materials by 19.8% during the 3rd quarter. Reliance Trust Co. of Delaware now owns 4,258 shares of the construction company’s stock worth $775,000 after purchasing an additional 705 shares during the last quarter.

Several research analysts have recently weighed in on MLM shares. Nomura started coverage on Martin Marietta Materials in a report on Monday, October 29th. They set a “buy” rating and a $220.00 target price on the stock. Barclays set a $215.00 target price on Martin Marietta Materials and gave the stock a “hold” rating in a report on Friday, September 28th. ValuEngine upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Stephens set a $204.00 price objective on Martin Marietta Materials and gave the company a “hold” rating in a report on Tuesday, November 13th. Finally, DA Davidson set a $200.00 price objective on Martin Marietta Materials and gave the company a “hold” rating in a report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $219.11.

MLM opened at $196.81 on Friday. Martin Marietta Materials, Inc. has a one year low of $150.75 and a one year high of $241.33. The company has a market capitalization of $12.07 billion, a P/E ratio of 27.41, a price-to-earnings-growth ratio of 1.92 and a beta of 1.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.04 and a current ratio of 1.88.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, November 6th. The construction company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.21. Martin Marietta Materials had a return on equity of 10.78% and a net margin of 17.95%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm posted $2.39 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts anticipate that Martin Marietta Materials, Inc. will post 8.15 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 3rd will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, November 30th. Martin Marietta Materials’s dividend payout ratio is presently 26.74%.

In related news, SVP Donald A. Mccunniff sold 1,476 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $185.50, for a total value of $273,798.00. Following the transaction, the senior vice president now directly owns 14,467 shares in the company, valued at $2,683,628.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

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About Martin Marietta Materials

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 provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; and 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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