Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,063 shares of the construction company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MLM. Global X Management Co. LLC grew its stake in shares of Martin Marietta Materials by 42.3% during the second quarter. Global X Management Co. LLC now owns 3,939 shares of the construction company’s stock valued at $877,000 after purchasing an additional 1,171 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Martin Marietta Materials by 0.8% during the second quarter. Rhumbline Advisers now owns 129,760 shares of the construction company’s stock valued at $28,882,000 after purchasing an additional 1,064 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Martin Marietta Materials by 6.1% during the second quarter. Advisors Asset Management Inc. now owns 45,820 shares of the construction company’s stock valued at $10,199,000 after purchasing an additional 2,614 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Martin Marietta Materials during the second quarter valued at approximately $128,000. Finally, State of Wisconsin Investment Board lifted its holdings in Martin Marietta Materials by 37.4% in the second quarter. State of Wisconsin Investment Board now owns 48,758 shares of the construction company’s stock valued at $10,853,000 after buying an additional 13,260 shares during the period. 97.45% of the stock is currently owned by institutional investors and hedge funds.

MLM has been the topic of several analyst reports. SunTrust Banks restated a “buy” rating and issued a $228.00 price objective on shares of Martin Marietta Materials in a report on Friday, October 27th. Jefferies Group set a $166.00 target price on shares of Martin Marietta Materials and gave the stock a “hold” rating in a report on Monday, August 21st. Bank of America cut 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 report on Thursday, October 19th. Citigroup reiterated a “buy” rating and issued a $260.00 target price (down from $270.00) on shares of Martin Marietta Materials in a report on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $240.50.

Shares of Martin Marietta Materials, Inc. (MLM) traded down $1.43 during trading hours on Wednesday, hitting $207.25. 707,900 shares of the company were exchanged, compared to its average volume of 638,617. Martin Marietta Materials, Inc. has a fifty-two week low of $191.09 and a fifty-two week 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 capitalization of $13,117.53, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 2.18 and a beta of 1.12.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.02 million for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned $2.49 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. equities analysts predict that Martin Marietta Materials, Inc. will post 6.92 earnings per share for the current 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 given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, November 30th. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 25.66%.

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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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