New Jersey Better Educational Savings Trust continued to hold its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, Holdings Channel reports. The fund owned 3,800 shares of the construction company’s stock at the end of the second quarter. Martin Marietta Materials comprises 0.7% of New Jersey Better Educational Savings Trust’s portfolio, making the stock its 27th largest position. New Jersey Better Educational Savings Trust’s holdings in Martin Marietta Materials were worth $846,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in 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 last quarter. BlackRock Inc. boosted its stake in 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 last quarter. Egerton Capital UK LLP boosted its stake in 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 last quarter. Aristotle Capital Management LLC boosted its stake in 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 last quarter. Finally, Principal Financial Group Inc. boosted its stake in 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 last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials, Inc. (NYSE 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 stock has a market capitalization of $13.26 billion, a P/E ratio of 30.36 and a beta of 1.14. The company 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 issued its quarterly earnings data 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. The business had revenue of $996.30 million for the quarter, compared to analyst estimates of $1.01 billion. Martin Marietta Materials had a return on equity of 10.69% and a net margin of 11.19%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 earnings per share. On average, equities analysts predict that Martin Marietta Materials, Inc. will post $7.14 EPS for the current year.

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A number of brokerages have recently issued reports on MLM. Stifel Nicolaus increased their target price 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. Zacks Investment Research downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Stephens increased their target price 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 analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Martin Marietta Materials currently has a consensus rating of “Hold” and an average 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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