Hodges Capital Management Inc. decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 20.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,913 shares of the construction company’s stock after selling 500 shares during the period. Hodges Capital Management Inc.’s holdings in Martin Marietta Materials were worth $426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MLM. Vanguard Group Inc. raised its position in shares of Martin Marietta Materials by 3.3% in the first quarter. Vanguard Group Inc. now owns 6,229,398 shares of the construction company’s stock worth $1,359,565,000 after buying an additional 198,069 shares during the period. BlackRock Inc. raised its position in shares of Martin Marietta Materials by 3,137.5% in the first quarter. BlackRock Inc. now owns 3,736,667 shares of the construction company’s stock worth $815,527,000 after buying an additional 3,621,250 shares during the period. Egerton Capital UK LLP raised its position in shares of Martin Marietta Materials by 329.1% in the second quarter. Egerton Capital UK LLP now owns 1,967,865 shares of the construction company’s stock worth $438,007,000 after buying an additional 1,509,258 shares during the period. Aristotle Capital Management LLC raised its position in shares of Martin Marietta Materials by 4.8% in the first quarter. Aristotle Capital Management LLC now owns 1,544,722 shares of the construction company’s stock worth $337,136,000 after buying an additional 70,095 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Martin Marietta Materials by 21.8% in the first quarter. Principal Financial Group Inc. now owns 1,333,161 shares of the construction company’s stock worth $290,962,000 after buying an additional 238,711 shares during the period. Institutional investors own 98.78% of the company’s stock.

Shares of Martin Marietta Materials, Inc. (MLM) opened at 210.95 on Thursday. Martin Marietta Materials, Inc. has a 1-year low of $167.06 and a 1-year high of $244.32. The company has a market cap of $13.26 billion, a P/E ratio of 30.36 and a beta of 1.14. The stock has a 50 day moving average price of $222.86 and a 200-day moving average price of $223.19.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, August 1st. The construction company reported $2.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by $0.13. Martin Marietta Materials had a return on equity of 10.69% and a net margin of 11.19%. The company had revenue of $996.30 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts predict that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current fiscal year.

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MLM has been the subject of a number of analyst reports. Zacks Investment Research lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Stifel Nicolaus boosted their price objective on Martin Marietta Materials from $258.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Finally, Stephens boosted their price objective on Martin Marietta Materials from $246.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $229.67.

Martin Marietta Materials Company 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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