Alkeon Capital Management LLC lifted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 430,918 shares of the construction company’s stock after acquiring an additional 3,000 shares during the quarter. Alkeon Capital Management LLC owned about 0.69% of Martin Marietta Materials worth $88,868,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highlander Capital Management LLC bought a new stake in shares of Martin Marietta Materials during the 3rd quarter worth about $124,000. California Public Employees Retirement System boosted its stake in shares of Martin Marietta Materials by 5.1% during the 3rd quarter. California Public Employees Retirement System now owns 117,158 shares of the construction company’s stock worth $24,161,000 after acquiring an additional 5,678 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Martin Marietta Materials by 66.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,120 shares of the construction company’s stock worth $644,000 after acquiring an additional 1,245 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Martin Marietta Materials by 1.0% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 57,867 shares of the construction company’s stock worth $11,934,000 after acquiring an additional 549 shares in the last quarter. Finally, Mastrapasqua Asset Management Inc. boosted its stake in shares of Martin Marietta Materials by 3.9% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 33,453 shares of the construction company’s stock worth $6,899,000 after acquiring an additional 1,241 shares in the last quarter. Institutional investors own 97.45% of the company’s stock.

Several analysts have recently issued reports on MLM shares. SunTrust Banks reiterated a “buy” rating and set a $228.00 price target on shares of Martin Marietta Materials in a research note on Friday, October 27th. Jefferies Group set a $166.00 price target on Martin Marietta Materials and gave the stock a “hold” rating in a research note on Monday, August 21st. Bank of America decreased their target price on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Citigroup 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 note on Monday, October 9th. Finally, Zacks Investment Research upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $242.43.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) traded down $5.42 during trading hours on Tuesday, reaching $208.68. The company had a trading volume of 604,900 shares, compared to its average volume of 638,326. Martin Marietta Materials, Inc. has a 1 year low of $191.09 and a 1 year high of $244.32. The company has a market cap of $13,458.23, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.76 annualized dividend and a yield of 0.84%. Martin Marietta Materials’s payout ratio is 25.66%.

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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.

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

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