Rhumbline Advisers boosted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 129,760 shares of the construction company’s stock after buying an additional 1,064 shares during the period. Rhumbline Advisers’ holdings in Martin Marietta Materials were worth $28,882,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MLM. Boys Arnold & Co. Inc. increased its stake in Martin Marietta Materials by 18.5% in the first quarter. Boys Arnold & Co. Inc. now owns 3,260 shares of the construction company’s stock worth $711,000 after buying an additional 510 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Martin Marietta Materials by 28.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,678 shares of the construction company’s stock worth $1,021,000 after buying an additional 1,040 shares during the last quarter. Reliance Trust Co. of Delaware increased its stake in Martin Marietta Materials by 19.5% in the first quarter. Reliance Trust Co. of Delaware now owns 3,475 shares of the construction company’s stock worth $759,000 after buying an additional 568 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Martin Marietta Materials during the first quarter worth $2,117,000. Finally, Heritage Investors Management Corp increased its stake in Martin Marietta Materials by 3.9% in the first quarter. Heritage Investors Management Corp now owns 80,577 shares of the construction company’s stock worth $17,586,000 after buying an additional 3,016 shares during the last quarter. Institutional investors own 98.25% of the company’s stock.

Shares of Martin Marietta Materials, Inc. (NYSE:MLM) opened at 205.42 on Tuesday. The firm has a market capitalization of $12.91 billion, a PE ratio of 29.56 and a beta of 1.14. The company’s 50 day moving average price is $221.01 and its 200-day moving average price is $222.43. Martin Marietta Materials, Inc. has a 52 week low of $167.06 and a 52 week high of $244.32.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, August 1st. The construction company reported $2.25 EPS for the quarter, missing the Zacks’ consensus estimate of $2.38 by $0.13. Martin Marietta Materials had a net margin of 11.19% and a return on equity of 10.69%. The firm had revenue of $996.30 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts expect that Martin Marietta Materials, Inc. will post $7.14 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on MLM shares. Stifel Nicolaus boosted their target price on Martin Marietta Materials from $258.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Zacks Investment Research downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Stephens boosted their target price on Martin Marietta Materials from $246.00 to $250.00 and gave the stock 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 assigned a buy rating to the company. Martin Marietta Materials presently has a consensus rating of “Hold” and an average target price of $229.67.

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.

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

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