FDx Advisors Inc. grew its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 25.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,414 shares of the construction company’s stock after acquiring an additional 890 shares during the quarter. FDx Advisors Inc.’s holdings in Martin Marietta Materials were worth $910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Global X MANAGEMENT CO LLC boosted its holdings in shares of Martin Marietta Materials by 20.7% in the third quarter. Global X MANAGEMENT CO LLC now owns 4,753 shares of the construction company’s stock worth $980,000 after buying an additional 814 shares during the last quarter. Steginsky Capital LLC raised its stake in Martin Marietta Materials by 14.7% during the 3rd quarter. Steginsky Capital LLC now owns 43,244 shares of the construction company’s stock worth $8,918,000 after acquiring an additional 5,550 shares during the period. Bessemer Group Inc. raised its stake in Martin Marietta Materials by 21,469.6% during the 3rd quarter. Bessemer Group Inc. now owns 4,961 shares of the construction company’s stock worth $1,023,000 after acquiring an additional 4,938 shares during the period. Princeton Capital Management Inc. raised its stake in Martin Marietta Materials by 22.8% during the 3rd quarter. Princeton Capital Management Inc. now owns 30,294 shares of the construction company’s stock worth $6,248,000 after acquiring an additional 5,620 shares during the period. Finally, Sandy Spring Bank raised its stake in Martin Marietta Materials by 1,958.9% during the 3rd quarter. Sandy Spring Bank now owns 5,765 shares of the construction company’s stock worth $1,189,000 after acquiring an additional 5,485 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) opened at $209.38 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $12,960.38, a PE ratio of 30.06, a P/E/G ratio of 2.15 and a beta of 1.14. Martin Marietta Materials, Inc. has a fifty-two week low of $191.09 and a fifty-two week high of $244.32.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Friday, December 1st will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.84%. Martin Marietta Materials’s dividend payout ratio is currently 25.66%.

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A number of research firms have commented on MLM. DA Davidson restated a “hold” rating and set a $225.00 target price on shares of Martin Marietta Materials in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. BidaskClub cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Citigroup Inc. reiterated a “buy” rating and set a $260.00 price objective (down previously from $270.00) on shares of Martin Marietta Materials in a research report on Monday, October 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $240.00 price objective on shares of Martin Marietta Materials in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Martin Marietta Materials presently has a consensus rating of “Hold” and an average price target of $242.43.

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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