Private Wealth Partners LLC Invests $892,000 in Martin Marietta Materials, Inc. (MLM)

Private Wealth Partners LLC purchased a new position in Martin Marietta Materials, Inc. (NYSE:MLM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,325 shares of the construction company’s stock, valued at approximately $892,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MLM. Sun Life Financial INC lifted its position in shares of Martin Marietta Materials by 6,442.9% in the 2nd quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock worth $102,000 after purchasing an additional 451 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Martin Marietta Materials by 130.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock valued at $120,000 after acquiring an additional 305 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Martin Marietta Materials during the 2nd quarter valued at $128,000. Westwood Holdings Group Inc. acquired a new position in shares of Martin Marietta Materials during the 2nd quarter valued at $187,000. Finally, Numeric Investors LLC acquired a new position in shares of Martin Marietta Materials during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $228.00 target price on shares of Martin Marietta Materials in a research report on Friday, October 27th. BidaskClub downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. DA Davidson reiterated a “hold” rating and set a $225.00 target price on shares of Martin Marietta Materials in a research report on Friday, November 3rd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $260.00 target price (down previously from $270.00) on shares of Martin Marietta Materials in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $242.43.

In other news, Director John J. Koraleski bought 500 shares of Martin Marietta Materials stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of $198.37 per share, for a total transaction of $99,185.00. Following the purchase, the director now directly owns 1,439 shares in the company, valued at approximately $285,454.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 8.45% of the company’s stock.

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Shares of Martin Marietta Materials, Inc. (NYSE MLM) traded down $0.76 during mid-day trading on Monday, reaching $212.49. 175,316 shares of the company’s stock were exchanged, compared to its average volume of 529,074. The company has a market cap of $13,360.00, a price-to-earnings ratio of 31.08, a PEG ratio of 2.22 and a beta of 1.14. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. 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 posted its earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 previous year, the company earned $2.49 EPS. The business’s revenue 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 year.

Martin Marietta Materials Company Profile

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.

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

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