Kornitzer Capital Management Inc. KS trimmed its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,358 shares of the construction company’s stock after selling 285 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.05% of Martin Marietta Materials worth $7,216,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MLM. Egerton Capital UK LLP boosted its stake in shares of Martin Marietta Materials by 40.6% during the 1st quarter. Egerton Capital UK LLP now owns 2,204,702 shares of the construction company’s stock worth $443,542,000 after buying an additional 636,338 shares during the last quarter. FMR LLC increased its holdings in shares of Martin Marietta Materials by 15.5% during the first quarter. FMR LLC now owns 1,700,586 shares of the construction company’s stock worth $342,123,000 after purchasing an additional 228,367 shares during the period. Strs Ohio increased its holdings in shares of Martin Marietta Materials by 392.1% during the first quarter. Strs Ohio now owns 163,195 shares of the construction company’s stock worth $32,831,000 after purchasing an additional 130,033 shares during the period. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Martin Marietta Materials by 33.7% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 457,498 shares of the construction company’s stock worth $92,039,000 after purchasing an additional 115,390 shares during the period. Finally, Scout Investments Inc. boosted its position in shares of Martin Marietta Materials by 168.0% during the 2nd quarter. Scout Investments Inc. now owns 134,103 shares of the construction company’s stock worth $30,858,000 after acquiring an additional 84,061 shares in the last quarter.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Monday, May 6th. Longbow Research increased their price target on shares of Martin Marietta Materials from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group increased their price target on shares of Martin Marietta Materials from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. ValuEngine upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, DA Davidson upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $227.22 price target on the stock in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. Martin Marietta Materials has a consensus rating of “Buy” and a consensus price target of $226.37.

Shares of Martin Marietta Materials stock opened at $250.35 on Thursday. Martin Marietta Materials, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $252.91. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.86 and a quick ratio of 1.08. The firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 2.34 and a beta of 1.13. The company has a 50 day moving average of $233.46.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Tuesday, July 30th. The construction company reported $3.01 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.07). Martin Marietta Materials had a net margin of 11.37% and a return on equity of 10.35%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $3.25 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts expect that Martin Marietta Materials, Inc. will post 9.31 earnings per share for the current year.

In other news, EVP Roselyn R. Bar sold 2,821 shares of Martin Marietta Materials stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $246.93, for a total transaction of $696,589.53. Following the transaction, the executive vice president now owns 57,149 shares in the company, valued at $14,111,802.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Laree E. Perez sold 824 shares of Martin Marietta Materials stock in a transaction on Monday, June 10th. The stock was sold at an average price of $231.80, for a total transaction of $191,003.20. Following the transaction, the director now owns 14,136 shares in the company, valued at approximately $3,276,724.80. The disclosure for this sale can be found here. Insiders sold 14,869 shares of company stock worth $3,622,433 in the last 90 days. Company insiders own 0.73% 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 offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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.

Featured Article: What is the Fibonacci sequence?

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, Inc. (NYSE:MLM).

Institutional Ownership by Quarter 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.