Gilbert & Cook Inc. Raises Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Gilbert & Cook Inc. lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 994 shares of the construction company’s stock after acquiring an additional 64 shares during the period. Gilbert & Cook Inc.’s holdings in Martin Marietta Materials were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other institutional investors have also recently modified their holdings of MLM. CIBC Private Wealth Group LLC boosted its position in Martin Marietta Materials by 119.6% in the third quarter. CIBC Private Wealth Group LLC now owns 391,686 shares of the construction company’s stock valued at $107,361,000 after buying an additional 213,292 shares in the last quarter. Nuveen Asset Management LLC raised its position in Martin Marietta Materials by 9,809.1% in the second quarter. Nuveen Asset Management LLC now owns 151,907 shares of the construction company’s stock valued at $34,955,000 after purchasing an additional 150,374 shares during the last quarter. Prudential PLC acquired a new stake in shares of Martin Marietta Materials during the second quarter valued at about $25,266,000. Bank of New York Mellon Corp grew its holdings in shares of Martin Marietta Materials by 10.1% during the second quarter. Bank of New York Mellon Corp now owns 1,151,362 shares of the construction company’s stock worth $264,939,000 after purchasing an additional 105,241 shares during the last quarter. Finally, Scout Investments Inc. grew its holdings in shares of Martin Marietta Materials by 168.0% during the second quarter. Scout Investments Inc. now owns 134,103 shares of the construction company’s stock worth $30,858,000 after purchasing an additional 84,061 shares during the last quarter. 99.07% of the stock is owned by institutional investors.

Shares of Martin Marietta Materials stock opened at $268.01 on Tuesday. The company has a market cap of $16.78 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 1.35, a current ratio of 2.29 and a debt-to-equity ratio of 0.60. Martin Marietta Materials, Inc. has a 52 week low of $160.60 and a 52 week high of $275.99. The business has a 50 day moving average price of $263.69 and a 200-day moving average price of $246.06.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.96 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.46. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.33 billion. Martin Marietta Materials had a return on equity of 11.52% and a net margin of 12.35%. Martin Marietta Materials’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.85 EPS. As a group, research analysts anticipate that Martin Marietta Materials, Inc. will post 9.91 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, November 29th. Martin Marietta Materials’s dividend payout ratio is currently 27.19%.

A number of equities analysts have issued reports on MLM shares. Exane BNP Paribas assumed coverage on Martin Marietta Materials in a report on Wednesday, October 9th. They set an “underperform” rating on the stock. Bank of America upgraded Martin Marietta Materials from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 15th. Longbow Research set a $265.00 target price on Martin Marietta Materials and gave the stock a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price target on shares of Martin Marietta Materials from $265.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Finally, 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $263.08.

In related news, Director John J. Koraleski purchased 1,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was bought at an average price of $260.23 per share, for a total transaction of $260,230.00. Following the purchase, the director now directly owns 3,250 shares in the company, valued at approximately $845,747.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

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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