Aperio Group LLC lessened its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,870 shares of the construction company’s stock after selling 2,070 shares during the period. Aperio Group LLC’s holdings in Martin Marietta Materials were worth $3,273,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BerganKDV Wealth Management LLC grew its position in shares of Martin Marietta Materials by 25.1% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 5,709 shares of the construction company’s stock worth $1,177,000 after purchasing an additional 1,146 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new position in shares of Martin Marietta Materials during the 2nd quarter worth approximately $325,000. Swiss National Bank grew its position 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 worth $51,249,000 after purchasing an additional 16,500 shares in the last quarter. Greenwood Capital Associates LLC grew its position 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 worth $588,000 after purchasing an additional 105 shares in the last quarter. Finally, Baker Avenue Asset Management LP acquired a new position in shares of Martin Marietta Materials during the 2nd quarter worth approximately $716,000. Hedge funds and other institutional investors own 95.74% of the company’s stock.

Shares of Martin Marietta Materials, Inc. (MLM) opened at $213.25 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $191.09 and a twelve month high of $244.32. The company has a current ratio of 2.73, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The firm has a market cap of $13,385.94, a P/E ratio of 31.04, a PEG ratio of 2.22 and a beta of 1.14.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a return on equity of 10.39% and a net margin of 11.03%. The firm had revenue of $1.02 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company posted $2.49 EPS. The business’s revenue was down 1.5% on a year-over-year basis. research analysts forecast that Martin Marietta Materials, Inc. will post 6.92 earnings per share for the current year.

A number of research analysts have issued reports on the stock. DA Davidson restated a “hold” rating and set a $225.00 target price on shares of Martin Marietta Materials in a research report on Friday, November 3rd. SunTrust Banks, Inc. restated a “buy” rating and set a $228.00 target price on shares of Martin Marietta Materials in a research report on Friday, October 27th. Bank of America Corporation decreased their target price on shares of Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. Jefferies Group LLC restated a “buy” rating and set a $240.00 target price on shares of Martin Marietta Materials in a research report on Wednesday, October 11th. Finally, Citigroup Inc. restated a “buy” rating and set a $260.00 target price (down previously from $270.00) on shares of Martin Marietta Materials in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $242.43.

In other news, Director John J. Koraleski purchased 500 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 1,439 shares in the company, valued at approximately $285,454.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.45% of the company’s stock.

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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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