Russell Investments Group Ltd. boosted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,318 shares of the construction company’s stock after buying an additional 19,874 shares during the period. Russell Investments Group Ltd.’s holdings in Martin Marietta Materials were worth $17,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. increased its position in Martin Marietta Materials by 1.3% in the 1st quarter. BlackRock Inc. now owns 3,910,444 shares of the construction company’s stock worth $810,635,000 after buying an additional 48,775 shares during the period. Baillie Gifford & Co. increased its position in Martin Marietta Materials by 0.5% in the 1st quarter. Baillie Gifford & Co. now owns 2,214,958 shares of the construction company’s stock worth $459,161,000 after buying an additional 11,996 shares during the period. Aristotle Capital Management LLC increased its position in Martin Marietta Materials by 4.2% in the 4th quarter. Aristotle Capital Management LLC now owns 1,688,885 shares of the construction company’s stock worth $373,312,000 after buying an additional 68,461 shares during the period. Caledonia Private Investments Pty Ltd increased its position in Martin Marietta Materials by 6.0% in the 4th quarter. Caledonia Private Investments Pty Ltd now owns 845,628 shares of the construction company’s stock worth $186,918,000 after buying an additional 47,539 shares during the period. Finally, William Blair Investment Management LLC increased its position in Martin Marietta Materials by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 753,144 shares of the construction company’s stock worth $166,475,000 after buying an additional 157,388 shares during the period. 99.98% of the stock is currently owned by institutional investors.

MLM opened at $230.29 on Wednesday. The company has a market cap of $14.46 billion, a PE ratio of 32.07, a PEG ratio of 1.76 and a beta of 1.17. The company has a current ratio of 4.00, a quick ratio of 3.06 and a debt-to-equity ratio of 0.58. Martin Marietta Materials, Inc. has a 1 year low of $189.26 and a 1 year high of $241.33.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, May 8th. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). The firm had revenue of $802.00 million for the quarter, compared to the consensus estimate of $822.23 million. Martin Marietta Materials had a net margin of 17.36% and a return on equity of 9.47%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. research analysts predict that Martin Marietta Materials, Inc. will post 9.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 1st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 31st. Martin Marietta Materials’s dividend payout ratio is 24.51%.

A number of analysts have recently issued reports on MLM shares. Alembic Global Advisors restated a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday, February 14th. SunTrust Banks restated a “buy” rating and set a $245.00 price objective on shares of Martin Marietta Materials in a research report on Tuesday, February 13th. Bank of America upgraded Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $229.00 price objective on the stock in a research report on Wednesday, May 2nd. Citigroup set a $262.00 price objective on Martin Marietta Materials and gave the company a “buy” rating in a research report on Tuesday, May 15th. Finally, Barclays set a $232.00 price objective on Martin Marietta Materials and gave the company a “hold” rating in a research report on Thursday, May 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Martin Marietta Materials currently has a consensus rating of “Hold” and a consensus price target of $235.29.

In related news, Director Michael J. Quillen sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $212.50, for a total value of $637,500.00. Following the sale, the director now owns 20,283 shares of the company’s stock, valued at approximately $4,310,137.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman C Howard Nye sold 8,409 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $212.66, for a total value of $1,788,257.94. Following the completion of the sale, the chairman now directly owns 146,977 shares in the company, valued at approximately $31,256,128.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,407 shares of company stock worth $3,707,351. 0.75% of the stock is owned by insiders.

About Martin Marietta Materials

Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

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

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