First Trust Advisors LP decreased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 74.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,013 shares of the construction company’s stock after selling 34,480 shares during the quarter. First Trust Advisors LP’s holdings in Martin Marietta Materials were worth $2,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sun Life Financial INC lifted its position in Martin Marietta Materials by 6,442.9% in the 2nd quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock valued at $102,000 after acquiring an additional 451 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Martin Marietta Materials by 130.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock valued at $120,000 after acquiring an additional 305 shares in the last quarter. Dupont Capital Management Corp bought a new position in Martin Marietta Materials in the 2nd quarter valued at about $128,000. Westwood Holdings Group Inc. bought a new position in Martin Marietta Materials in the 2nd quarter valued at about $187,000. Finally, Numeric Investors LLC bought a new position in Martin Marietta Materials in the 2nd quarter valued at about $200,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts recently weighed in on MLM shares. Jefferies Group LLC set a $166.00 price target on shares of Martin Marietta Materials and gave the company a “hold” rating in a research report on Monday, August 21st. Bank of America Corporation dropped their price target 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. Citigroup Inc. reaffirmed a “buy” rating and issued a $260.00 price target (down previously from $270.00) on shares of Martin Marietta Materials in a research report on Monday, October 9th. Zacks Investment Research cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $228.00 price target on shares of Martin Marietta Materials in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $242.43.

Martin Marietta Materials, Inc. (MLM) traded down $0.31 during trading hours on Friday, reaching $207.13. 632,900 shares of the company’s stock traded hands, compared to its average volume of 643,189. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73. The stock has a market cap of $13,020.10, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.16 and a beta of 1.14. Martin Marietta Materials, Inc. has a 52-week low of $191.09 and a 52-week high of $244.32.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be paid a $0.44 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.76 annualized dividend and a yield of 0.85%. Martin Marietta Materials’s dividend payout ratio (DPR) is 25.66%.

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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