Lodge Hill Capital LLC lowered its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 274,900 shares of the company’s stock after selling 15,100 shares during the period. Martin Marietta Materials comprises 7.8% of Lodge Hill Capital LLC’s holdings, making the stock its 4th largest position. Lodge Hill Capital LLC owned 0.43% of Martin Marietta Materials worth $60,899,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MLM. FineMark National Bank & Trust boosted its position in shares of Martin Marietta Materials by 96.8% in the third quarter. FineMark National Bank & Trust now owns 610 shares of the company’s stock worth $109,000 after buying an additional 300 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Martin Marietta Materials by 1.4% in the third quarter. Carroll Financial Associates Inc. now owns 750 shares of the company’s stock worth $134,000 after buying an additional 10 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Martin Marietta Materials by 175.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,068 shares of the company’s stock worth $191,000 after buying an additional 680 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Martin Marietta Materials during the fourth quarter worth $197,000. Finally, Calamos Advisors LLC purchased a new position in shares of Martin Marietta Materials during the fourth quarter worth $206,000. 97.26% of the stock is currently owned by institutional investors.

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

Martin Marietta Materials, Inc. (NYSE:MLM) traded down 0.21% during trading on Thursday, reaching $221.53. The company had a trading volume of 772,553 shares. The firm’s 50 day moving average is $227.32 and its 200 day moving average is $204.86. The company has a market capitalization of $14.09 billion, a PE ratio of 33.41 and a beta of 1.41. Martin Marietta Materials, Inc. has a one year low of $133.63 and a one year high of $243.98.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, February 14th. The company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by $0.07. The business earned $889 billion during the quarter, compared to the consensus estimate of $895 billion. Martin Marietta Materials had a return on equity of 9.95% and a net margin of 11.03%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current year.

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A number of brokerages recently weighed in on MLM. Stephens cut Martin Marietta Materials from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 17th. Bank of America Corporation lowered Martin Marietta Materials from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Finally, SunTrust Banks, Inc. upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $206.00 price target on the stock in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Martin Marietta Materials presently has a consensus rating of “Hold” and an average price target of $203.43.

In other news, CFO Anne H. Lloyd sold 498 shares of the company’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $229.18, for a total value of $114,131.64. Following the completion of the transaction, the chief financial officer now owns 56,264 shares of the company’s stock, valued at $12,894,583.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Donald A. Mccunniff sold 1,503 shares of the company’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $228.98, for a total value of $344,156.94. Following the completion of the transaction, the senior vice president now directly owns 14,832 shares of the company’s stock, valued at approximately $3,396,231.36. The disclosure for this sale can be found here. Corporate insiders own 1.06% of the company’s stock.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business.

5 Day Chart for NYSE:MLM

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