Moloney Securities Asset Management LLC increased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 118.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,340 shares of the construction company’s stock after buying an additional 1,268 shares during the period. Moloney Securities Asset Management LLC’s holdings in Martin Marietta Materials were worth $521,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Martin Marietta Materials by 9.0% in the fourth quarter. AQR Capital Management LLC now owns 8,211 shares of the construction company’s stock worth $1,819,000 after buying an additional 681 shares during the period. USA Financial Portformulas Corp acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth approximately $2,638,000. Kentucky Retirement Systems acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth approximately $1,020,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Martin Marietta Materials during the fourth quarter worth approximately $455,000. Finally, Renaissance Investment Group LLC acquired a new stake in shares of Martin Marietta Materials during the first quarter worth approximately $1,582,000. Institutional investors own 96.74% of the company’s stock.

Shares of Martin Marietta Materials, Inc. (MLM) opened at 225.75 on Friday. Martin Marietta Materials, Inc. has a 52-week low of $167.06 and a 52-week high of $244.32. The firm has a market capitalization of $14.17 billion, a PE ratio of 34.07 and a beta of 1.14. The company’s 50-day moving average is $227.00 and its 200 day moving average is $223.62.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, May 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The firm had revenue of $791.70 million during the quarter, compared to the consensus estimate of $729.28 million. Martin Marietta Materials had a net margin of 10.91% and a return on equity of 10.32%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Equities analysts expect that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 1st were 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 of this dividend was Tuesday, May 30th. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 25.42%.

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A number of equities research analysts have recently commented on MLM shares. Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $258.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Cleveland Research upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating in a research report on Friday, March 31st. Stephens increased their target price on shares of Martin Marietta Materials from $246.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, May 4th. Zacks Investment Research cut shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, BidaskClub upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $229.67.

In related news, SVP Donald A. Mccunniff sold 1,391 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $240.17, for a total transaction of $334,076.47. Following the completion of the sale, the senior vice president now owns 19,858 shares of the company’s stock, valued at approximately $4,769,295.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman C Howard Nye sold 10,258 shares of the stock in a transaction that occurred on 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 sale, the chairman now directly owns 143,038 shares of the company’s stock, valued at approximately $34,208,968.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,121 shares of company stock valued at $4,332,440. Corporate insiders own 8.45% of the company’s stock.

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.

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

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