Trexquant Investment LP bought a new position in Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,900 shares of the construction company’s stock, valued at approximately $868,000.

A number of other institutional investors have also recently made changes to their positions in the company. Hermes Investment Management Ltd. increased its position in shares of Martin Marietta Materials by 2.7% in the first quarter. Hermes Investment Management Ltd. now owns 110,335 shares of the construction company’s stock worth $24,081,000 after buying an additional 2,937 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Martin Marietta Materials during the first quarter worth $822,000. Huntington National Bank raised its stake in shares of Martin Marietta Materials by 105.9% in the first quarter. Huntington National Bank now owns 2,491 shares of the construction company’s stock worth $544,000 after buying an additional 1,281 shares during the last quarter. Boys Arnold & Co. Inc. raised its stake in shares of Martin Marietta Materials by 18.5% in the first quarter. Boys Arnold & Co. Inc. now owns 3,260 shares of the construction company’s stock worth $711,000 after buying an additional 510 shares during the last quarter. Finally, Everence Capital Management Inc. raised its stake in shares of Martin Marietta Materials by 62.5% in the first quarter. Everence Capital Management Inc. now owns 2,886 shares of the construction company’s stock worth $630,000 after buying an additional 1,110 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) opened at 206.79 on Friday. The stock’s 50 day moving average price is $222.28 and its 200-day moving average price is $223.07. Martin Marietta Materials, Inc. has a 52 week low of $167.06 and a 52 week high of $244.32. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 29.76 and a beta of 1.14.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Tuesday, August 1st. The construction company reported $2.25 earnings per share for the quarter, missing the 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 business had revenue of $996.30 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business posted $1.90 EPS. Martin Marietta Materials’s revenue was up 8.8% on a year-over-year basis. Equities analysts anticipate that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on the company. Stephens boosted their price target 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. Stifel Nicolaus boosted their price target 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. BidaskClub upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Zacks Investment Research lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Martin Marietta Materials currently has an average rating of “Hold” and a consensus target price of $229.67.

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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