Bartlett & Co. LLC grew its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,755 shares of the construction company’s stock after acquiring an additional 100 shares during the quarter. Bartlett & Co. LLC’s holdings in Martin Marietta Materials were worth $1,029,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Destination Wealth Management increased its stake in shares of Martin Marietta Materials by 825.0% during the 2nd quarter. Destination Wealth Management now owns 111 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Rational Advisors LLC increased its stake in shares of Martin Marietta Materials by 2,160.0% during the 2nd quarter. Rational Advisors LLC now owns 113 shares of the construction company’s stock valued at $26,000 after acquiring an additional 108 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Martin Marietta Materials during the 2nd quarter valued at about $31,000. Capital Investment Advisory Services LLC increased its stake in shares of Martin Marietta Materials by 153.3% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 152 shares of the construction company’s stock valued at $34,000 after acquiring an additional 92 shares during the last quarter. Finally, CSat Investment Advisory L.P. increased its stake in shares of Martin Marietta Materials by 55.8% during the 2nd quarter. CSat Investment Advisory L.P. now owns 187 shares of the construction company’s stock valued at $43,000 after acquiring an additional 67 shares during the last quarter.

MLM opened at $256.90 on Friday. The firm has a 50 day moving average price of $265.67 and a 200 day moving average price of $240.73. The company has a market cap of $15.83 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. Martin Marietta Materials, Inc. has a 1 year low of $160.60 and a 1 year high of $275.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.35 and a current ratio of 2.29.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.50 by $0.46. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.33 billion. Martin Marietta Materials had a net margin of 12.35% and a return on equity of 11.52%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.85 EPS. On average, sell-side analysts predict that Martin Marietta Materials, Inc. will post 9.65 earnings per share for the current year.

In other Martin Marietta Materials news, CEO C Howard Nye sold 7,440 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $253.52, for a total value of $1,886,188.80. Following the completion of the sale, the chief executive officer now owns 154,544 shares of the company’s stock, valued at $39,179,994.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

A number of research analysts have recently commented on MLM shares. BNP Paribas initiated coverage on shares of Martin Marietta Materials in a research note on Wednesday, October 9th. They set an “underperform” rating for the company. Longbow Research set a $265.00 target price on shares of Martin Marietta Materials and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America raised shares of Martin Marietta Materials from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 15th. Barclays reissued a “hold” rating and set a $284.00 target price on shares of Martin Marietta Materials in a research report on Wednesday, October 16th. Finally, ValuEngine downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $259.38.

Martin Marietta Materials 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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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