Palisade Capital Management LLC NJ maintained its stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,775 shares of the construction company’s stock at the end of the second quarter. Palisade Capital Management LLC NJ’s holdings in Martin Marietta Materials were worth $618,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MLM. Vanguard Group Inc. raised its stake in Martin Marietta Materials by 3.3% in the first quarter. Vanguard Group Inc. now owns 6,229,398 shares of the construction company’s stock worth $1,359,565,000 after buying an additional 198,069 shares in the last quarter. BlackRock Inc. raised its stake in Martin Marietta Materials by 3,137.5% in the first quarter. BlackRock Inc. now owns 3,736,667 shares of the construction company’s stock worth $815,527,000 after buying an additional 3,621,250 shares in the last quarter. Egerton Capital UK LLP raised its stake in Martin Marietta Materials by 329.1% in the second quarter. Egerton Capital UK LLP now owns 1,967,865 shares of the construction company’s stock worth $438,007,000 after buying an additional 1,509,258 shares in the last quarter. Aristotle Capital Management LLC raised its stake in Martin Marietta Materials by 4.8% in the first quarter. Aristotle Capital Management LLC now owns 1,544,722 shares of the construction company’s stock worth $337,136,000 after buying an additional 70,095 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Martin Marietta Materials by 21.8% in the first quarter. Principal Financial Group Inc. now owns 1,333,161 shares of the construction company’s stock worth $290,962,000 after buying an additional 238,711 shares in the last quarter. 98.78% of the stock is currently owned by institutional investors.

Shares of Martin Marietta Materials, Inc. (MLM) opened at 210.95 on Thursday. The company has a 50-day moving average price of $222.86 and a 200-day moving average price of $223.19. Martin Marietta Materials, Inc. has a 12 month low of $167.06 and a 12 month high of $244.32. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 30.36 and a beta of 1.14.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, August 1st. The construction company reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by $0.13. Martin Marietta Materials had a return on equity of 10.69% and a net margin of 11.19%. The firm had revenue of $996.30 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $1.90 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Analysts forecast that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current fiscal year.

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A number of equities research analysts have recently commented on MLM shares. Zacks Investment Research lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Stifel Nicolaus lifted their target price on Martin Marietta Materials from $258.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Finally, Stephens lifted their target price on Martin Marietta Materials from $246.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $229.67.

About Martin Marietta Materials

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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