Brandywine Trust Co. maintained its stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400 shares of the construction company’s stock at the end of the 2nd quarter. Martin Marietta Materials makes up 0.6% of Brandywine Trust Co.’s investment portfolio, making the stock its 18th largest holding. Brandywine Trust Co.’s holdings in Martin Marietta Materials were worth $534,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Swiss National Bank boosted its stake in shares of Martin Marietta Materials by 7.7% during the 2nd quarter. Swiss National Bank now owns 230,250 shares of the construction company’s stock valued at $51,249,000 after buying an additional 16,500 shares during the period. Greenwood Capital Associates LLC boosted its stake in shares of Martin Marietta Materials by 4.1% during the 2nd quarter. Greenwood Capital Associates LLC now owns 2,641 shares of the construction company’s stock valued at $588,000 after buying an additional 105 shares during the period. Chilton Investment Co. LLC boosted its stake in shares of Martin Marietta Materials by 8.7% during the 2nd quarter. Chilton Investment Co. LLC now owns 419,759 shares of the construction company’s stock valued at $93,430,000 after buying an additional 33,537 shares during the period. Confluence Investment Management LLC boosted its stake in shares of Martin Marietta Materials by 2.1% during the 2nd quarter. Confluence Investment Management LLC now owns 350,902 shares of the construction company’s stock valued at $78,104,000 after buying an additional 7,097 shares during the period. Finally, Patriot Wealth Management Inc. acquired a new stake in shares of Martin Marietta Materials during the 2nd quarter valued at $6,040,000. 95.78% of the stock is owned by institutional investors.

MLM has been the subject of a number of research reports. Zacks Investment Research lowered shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Jefferies Group LLC set a $166.00 target price on shares of Martin Marietta Materials and gave the company a “hold” rating in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $220.57.

Martin Marietta Materials, Inc. (NYSE MLM) traded up 1.28% on Wednesday, hitting $201.70. 145,607 shares of the stock were exchanged. Martin Marietta Materials, Inc. has a one year low of $167.06 and a one year high of $244.32. The company has a 50 day moving average of $205.93 and a 200 day moving average of $218.82. The stock has a market capitalization of $12.67 billion, a P/E ratio of 29.03 and a beta of 1.15.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, August 1st. The construction company reported $2.25 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 business had revenue of $996.30 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.90 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast 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 will be paid on Friday, September 29th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.44 per share. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, August 31st. This represents a $1.76 annualized dividend and a yield of 0.88%. Martin Marietta Materials’s dividend payout ratio is presently 25.29%.

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In other Martin Marietta Materials news, Director John J. Koraleski bought 500 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $198.37 per share, for a total transaction of $99,185.00. Following the completion of the acquisition, the director now owns 1,439 shares of the company’s stock, valued at approximately $285,454.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.45% of the company’s stock.

Martin Marietta Materials 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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