Wheatland Advisors Inc. continued to hold its stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,175 shares of the construction company’s stock at the end of the second quarter. Wheatland Advisors Inc.’s holdings in Martin Marietta Materials were worth $1,152,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. raised its stake in Martin Marietta Materials by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 57,894 shares of the construction company’s stock valued at $12,635,000 after buying an additional 1,278 shares in the last quarter. Creative Planning raised its stake in Martin Marietta Materials by 295.7% in the first quarter. Creative Planning now owns 7,744 shares of the construction company’s stock valued at $1,690,000 after buying an additional 5,787 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Martin Marietta Materials by 5.4% in the first quarter. Gulf International Bank UK Ltd now owns 19,425 shares of the construction company’s stock valued at $4,239,000 after buying an additional 1,000 shares in the last quarter. National Pension Service raised its stake in Martin Marietta Materials by 6.2% in the first quarter. National Pension Service now owns 56,081 shares of the construction company’s stock valued at $11,864,000 after buying an additional 3,271 shares in the last quarter. Finally, Atria Investments LLC raised its stake in Martin Marietta Materials by 79.1% in the first quarter. Atria Investments LLC now owns 3,721 shares of the construction company’s stock valued at $812,000 after buying an additional 1,643 shares in the last quarter. Institutional investors own 98.78% of the company’s stock.

Martin Marietta Materials, Inc. (NYSE:MLM) opened at 210.95 on Thursday. The company has a market capitalization of $13.26 billion, a P/E ratio of 30.36 and a beta of 1.14. Martin Marietta Materials, Inc. has a one year low of $167.06 and a one year high of $244.32. The company’s 50-day moving average is $222.86 and its 200 day moving average is $223.19.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by $0.13. The firm 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 company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.90 earnings per share. Analysts predict that Martin Marietta Materials, Inc. will post $7.14 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Wheatland Advisors Inc. Has $1,152,000 Position in Martin Marietta Materials, Inc. (MLM)” was originally published by Daily Political and is the property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/08/10/wheatland-advisors-inc-has-1152000-position-in-martin-marietta-materials-inc-mlm.html.

A number of equities analysts have recently commented on MLM shares. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Stifel Nicolaus raised their price objective on shares of Martin Marietta Materials from $258.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Stephens raised their price objective on shares of Martin Marietta Materials from $246.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, May 4th. Finally, BidaskClub raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Two investment 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’s stock. Martin Marietta Materials has a consensus rating of “Hold” and a consensus target price 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.

Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials, Inc. (NYSE:MLM).

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

Receive News & Ratings for Martin Marietta Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.