Sun Life Financial INC increased its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 6,442.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 458 shares of the construction company’s stock after acquiring an additional 451 shares during the period. Sun Life Financial INC’s holdings in Martin Marietta Materials were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Martin Marietta Materials by 2.4% during the second quarter. Vanguard Group Inc. now owns 6,379,214 shares of the construction company’s stock worth $1,419,885,000 after acquiring an additional 149,816 shares during the period. BlackRock Inc. boosted its position in Martin Marietta Materials by 2.2% during the second quarter. BlackRock Inc. now owns 3,817,803 shares of the construction company’s stock worth $849,766,000 after purchasing an additional 81,136 shares in the last quarter. Egerton Capital UK LLP boosted its position in Martin Marietta Materials by 329.1% during the second quarter. Egerton Capital UK LLP now owns 1,967,865 shares of the construction company’s stock worth $438,007,000 after purchasing an additional 1,509,258 shares in the last quarter. Aristotle Capital Management LLC boosted its position in Martin Marietta Materials by 4.8% during the first quarter. Aristotle Capital Management LLC now owns 1,544,722 shares of the construction company’s stock worth $337,136,000 after purchasing an additional 70,095 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Martin Marietta Materials by 3.4% during the second quarter. Principal Financial Group Inc. now owns 1,378,563 shares of the construction company’s stock worth $306,840,000 after purchasing an additional 45,402 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

In other Martin Marietta Materials news, Director John J. Koraleski bought 500 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $198.37 per share, for a total transaction of $99,185.00. Following the transaction, the director now owns 1,439 shares of the company’s stock, valued at approximately $285,454.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.45% of the company’s stock.

Martin Marietta Materials, Inc. (NYSE:MLM) opened at 205.85 on Thursday. Martin Marietta Materials, Inc. has a 12 month low of $167.06 and a 12 month high of $244.32. The stock has a market cap of $12.94 billion, a P/E ratio of 29.62 and a beta of 1.13. The firm’s 50-day moving average price is $203.44 and its 200-day moving average price is $218.00.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, August 1st. The construction company reported $2.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $996.30 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts predict that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 5th were given a dividend of $0.44 per share. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $1.76 annualized dividend and a yield of 0.85%. Martin Marietta Materials’s payout ratio is presently 25.29%.

A number of brokerages have issued reports on MLM. BidaskClub upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC set a $166.00 price target on Martin Marietta Materials and gave the stock a “hold” rating in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Martin Marietta Materials presently has a consensus rating of “Hold” and an average target price of $220.57.

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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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