AMP Capital Investors Ltd reduced its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,564 shares of the construction company’s stock after selling 800 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.06% of Martin Marietta Materials worth $7,405,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Martin Marietta Materials in the 2nd quarter valued at about $128,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Martin Marietta Materials in the 3rd quarter valued at about $110,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Martin Marietta Materials in the 2nd quarter valued at about $160,000. Putnam Investments LLC acquired a new stake in shares of Martin Marietta Materials in the 2nd quarter valued at about $203,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Martin Marietta Materials in the 2nd quarter valued at about $205,000.
MLM opened at $181.48 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.88 and a debt-to-equity ratio of 0.57. The company has a market cap of $11.60 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.85 and a beta of 1.14. Martin Marietta Materials, Inc. has a 52 week low of $150.75 and a 52 week high of $241.33.
Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, November 6th. The construction company reported $2.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.64 by $0.21. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Martin Marietta Materials had a return on equity of 10.78% and a net margin of 17.95%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.39 EPS. On average, equities research analysts expect that Martin Marietta Materials, Inc. will post 8.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, November 30th. Martin Marietta Materials’s dividend payout ratio is presently 26.74%.
A number of brokerages recently issued reports on MLM. ValuEngine raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. SunTrust Banks decreased their target price on Martin Marietta Materials to $205.00 and set a “buy” rating for the company in a research report on Thursday, November 15th. Barclays set a $215.00 target price on Martin Marietta Materials and gave the company a “hold” rating in a research report on Friday, September 28th. Citigroup set a $231.00 target price on Martin Marietta Materials and gave the company a “buy” rating in a research report on Thursday, November 8th. Finally, Stephens set a $204.00 target price on Martin Marietta Materials and gave the company a “hold” rating in a research report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Martin Marietta Materials presently has an average rating of “Hold” and a consensus price target of $219.11.
In other Martin Marietta Materials 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 transaction of $273,798.00. Following the completion of the sale, the senior vice president now directly owns 14,467 shares of the company’s stock, valued at approximately $2,683,628.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by corporate insiders.
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Martin Marietta Materials 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 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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