Schwab Charles Investment Management Inc. increased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,207 shares of the construction company’s stock after acquiring an additional 11,845 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.34% of Martin Marietta Materials worth $43,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Great West Life Assurance Co. Can lifted its position in Martin Marietta Materials by 2.3% during the second quarter. Great West Life Assurance Co. Can now owns 44,073 shares of the construction company’s stock valued at $9,800,000 after buying an additional 972 shares during the period. Candriam Luxembourg S.C.A. lifted its position in shares of Martin Marietta Materials by 0.7% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 4,438 shares of the construction company’s stock valued at $988,000 after buying an additional 30 shares in the last quarter. Korea Investment CORP lifted its position in shares of Martin Marietta Materials by 19.2% during the 2nd quarter. Korea Investment CORP now owns 39,443 shares of the construction company’s stock valued at $8,779,000 after buying an additional 6,358 shares in the last quarter. Advisor Partners LLC lifted its position in shares of Martin Marietta Materials by 19.8% during the 2nd quarter. Advisor Partners LLC now owns 1,467 shares of the construction company’s stock valued at $327,000 after buying an additional 242 shares in the last quarter. Finally, Global X Management Co. LLC lifted its position in shares of Martin Marietta Materials by 42.3% during the 2nd quarter. Global X Management Co. LLC now owns 3,939 shares of the construction company’s stock valued at $877,000 after buying an additional 1,171 shares in the last quarter. 97.45% of the stock is owned by institutional investors.

A number of research firms recently commented on MLM. SunTrust Banks reissued a “buy” rating and issued a $228.00 price target on shares of Martin Marietta Materials in a report on Friday, October 27th. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. DA Davidson reaffirmed a “hold” rating and issued a $225.00 price objective on shares of Martin Marietta Materials in a research note on Friday, November 3rd. Citigroup reaffirmed a “buy” rating and issued a $260.00 price objective (down previously from $270.00) on shares of Martin Marietta Materials in a research note on Monday, October 9th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Martin Marietta Materials in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $242.43.

Martin Marietta Materials, Inc. (MLM) traded up $7.04 during trading hours on Friday, reaching $208.55. The company’s stock had a trading volume of 664,500 shares, compared to its average volume of 637,495. The company has a market cap of $13,110.00, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a current ratio of 2.73, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Martin Marietta Materials, Inc. has a 1-year low of $191.09 and a 1-year high of $244.32.

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

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

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

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