D.A. Davidson & CO. lowered its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,304 shares of the construction company’s stock after selling 99 shares during the period. D.A. Davidson & CO.’s holdings in Martin Marietta Materials were worth $1,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MLM. Suntrust Banks Inc. boosted its holdings in Martin Marietta Materials by 52.4% in the 1st quarter. Suntrust Banks Inc. now owns 1,695 shares of the construction company’s stock valued at $369,000 after purchasing an additional 583 shares during the period. Karp Capital Management Corp bought a new stake in Martin Marietta Materials in the 1st quarter valued at about $2,859,000. State of Wisconsin Investment Board boosted its holdings in Martin Marietta Materials by 19.0% in the 1st quarter. State of Wisconsin Investment Board now owns 35,498 shares of the construction company’s stock valued at $7,747,000 after purchasing an additional 5,666 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Martin Marietta Materials by 12.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 8,153 shares of the construction company’s stock valued at $1,779,000 after purchasing an additional 906 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Martin Marietta Materials by 5.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,403 shares of the construction company’s stock valued at $743,000 after purchasing an additional 175 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on MLM. BidaskClub downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Finally, Jefferies Group LLC set a $166.00 price target on shares of Martin Marietta Materials and gave the stock a “hold” rating in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $220.57.

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

Shares of Martin Marietta Materials, Inc. (NYSE MLM) opened at 198.69 on Friday. The company has a market cap of $12.49 billion, a P/E ratio of 28.59 and a beta of 1.15. The stock’s 50 day moving average is $205.93 and its 200-day moving average is $218.82. Martin Marietta Materials, Inc. has a one year low of $167.06 and a one year high of $244.32.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 5th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.76 annualized dividend and a yield of 0.89%. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.42. Martin Marietta Materials’s payout ratio is currently 25.29%.

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.

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

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