Verition Fund Management LLC increased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 35.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,015 shares of the construction company’s stock after buying an additional 1,324 shares during the period. Verition Fund Management LLC’s holdings in Martin Marietta Materials were worth $1,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MLM. Neuberger Berman Group LLC raised its stake in shares of Martin Marietta Materials by 102.8% during the first quarter. Neuberger Berman Group LLC now owns 2,584 shares of the construction company’s stock worth $564,000 after buying an additional 1,310 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Martin Marietta Materials by 26.8% during the first quarter. OppenheimerFunds Inc. now owns 2,233 shares of the construction company’s stock worth $487,000 after buying an additional 472 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Martin Marietta Materials by 58.7% during the first quarter. Teachers Advisors LLC now owns 110,889 shares of the construction company’s stock worth $24,202,000 after buying an additional 41,017 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Martin Marietta Materials by 2.9% during the first quarter. TIAA CREF Investment Management LLC now owns 117,965 shares of the construction company’s stock worth $25,746,000 after buying an additional 3,278 shares during the last quarter. Finally, Rothschild Asset Management Inc. bought a new stake in shares of Martin Marietta Materials during the first quarter worth approximately $544,000. 95.78% of the stock is owned by institutional investors and hedge funds.

In other news, Director John J. Koraleski purchased 500 shares of the stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $198.37 per share, for a total transaction of $99,185.00. Following the acquisition, the director now owns 1,439 shares in the company, valued at $285,454.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.45% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on MLM. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. BidaskClub downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Citigroup Inc. reissued a “buy” rating and set a $260.00 price target (down from $270.00) on shares of Martin Marietta Materials in a research note on Monday, October 9th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $240.00 price target on shares of Martin Marietta Materials in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $244.20.

Shares of Martin Marietta Materials, Inc. (NYSE:MLM) traded down 0.68% on Friday, reaching $204.57. 297,167 shares of the company were exchanged. The company’s 50-day moving average price is $204.35 and its 200 day moving average price is $217.73. Martin Marietta Materials, Inc. has a 12 month low of $172.38 and a 12 month high of $244.32. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 29.44 and a beta of 1.13.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.44 per share. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, August 31st. This represents a $1.76 annualized dividend and a yield of 0.86%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 25.29%.

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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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