Boston Private Wealth LLC Has $11.70 Million Holdings in Martin Marietta Materials (MLM)
Boston Private Wealth LLC raised its stake in shares of Martin Marietta Materials (NYSE:MLM) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,458 shares of the construction company’s stock after acquiring an additional 2,124 shares during the period. Boston Private Wealth LLC’s holdings in Martin Marietta Materials were worth $11,704,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in Martin Marietta Materials during the 1st quarter valued at approximately $536,000. Tdam USA Inc. raised its stake in Martin Marietta Materials by 4.0% during the 1st quarter. Tdam USA Inc. now owns 33,325 shares of the construction company’s stock valued at $6,909,000 after acquiring an additional 1,294 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Martin Marietta Materials by 31.3% during the 1st quarter. Russell Investments Group Ltd. now owns 83,318 shares of the construction company’s stock valued at $17,252,000 after acquiring an additional 19,874 shares during the last quarter. GWM Advisors LLC purchased a new stake in Martin Marietta Materials during the 1st quarter valued at approximately $249,000. Finally, BNP Paribas Arbitrage SA raised its stake in Martin Marietta Materials by 62.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 18,558 shares of the construction company’s stock valued at $3,847,000 after acquiring an additional 7,141 shares during the last quarter. 99.00% of the stock is owned by hedge funds and other institutional investors.
Several research firms have commented on MLM. Barclays set a $232.00 price objective on Martin Marietta Materials and gave the company a “hold” rating in a research note on Thursday. Alembic Global Advisors reaffirmed a “buy” rating on shares of Martin Marietta Materials in a research note on Wednesday, February 14th. Citigroup set a $262.00 price objective on Martin Marietta Materials and gave the company a “buy” rating in a research note on Tuesday, May 15th. ValuEngine raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Finally, SunTrust Banks reissued a “buy” rating and set a $245.00 target price on shares of Martin Marietta Materials in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $235.29.
Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Tuesday, May 8th. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). The business had revenue of $802.00 million for the quarter, compared to analysts’ expectations of $822.23 million. Martin Marietta Materials had a return on equity of 9.47% and a net margin of 17.36%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the company posted $0.67 earnings per share. equities research analysts expect that Martin Marietta Materials will post 8.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, May 31st. Martin Marietta Materials’s dividend payout ratio (DPR) is 24.51%.
In related news, Director Sue W. Cole sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $210.06, for a total value of $630,180.00. Following the sale, the director now owns 24,145 shares in the company, valued at approximately $5,071,898.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Roselyn R. Bar sold 5,998 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $213.67, for a total value of $1,281,592.66. Following the completion of the sale, the executive vice president now owns 53,854 shares in the company, valued at approximately $11,506,984.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,407 shares of company stock valued at $4,337,531. Company insiders own 0.75% of the company’s stock.
Martin Marietta Materials Company Profile
Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.
Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials (NYSE:MLM).
Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.