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

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Gilbert & Cook Inc. raised its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 994 shares of the construction company’s stock after buying 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 SEC filing.

Other hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC grew its holdings in Martin Marietta Materials by 119.6% during 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 purchasing an additional 213,292 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Martin Marietta Materials by 9,809.1% during the second quarter. Nuveen Asset Management LLC now owns 151,907 shares of the construction company’s stock valued at $34,955,000 after acquiring an additional 150,374 shares in the last quarter. Prudential PLC bought a new stake in shares of Martin Marietta Materials during the second quarter valued at approximately $25,266,000. Bank of New York Mellon Corp raised its stake 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 valued at $264,939,000 after acquiring an additional 105,241 shares in the last quarter. Finally, Scout Investments Inc. raised its stake 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 valued at $30,858,000 after acquiring an additional 84,061 shares in the last quarter.

MLM stock traded down $0.65 during trading on Friday, reaching $256.90. 604,322 shares of the company were exchanged, compared to its average volume of 622,069. The company has a market cap of $15.83 billion, a P/E ratio of 31.76, a PEG ratio of 2.35 and a beta of 1.13. Martin Marietta Materials, Inc. has a 52-week low of $160.60 and a 52-week high of $275.99. The stock’s 50 day moving average price is $265.67 and its 200 day moving average price is $240.73. 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 released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.96 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.46. The firm had revenue of $1.42 billion for 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 firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.85 earnings per share. As a group, equities research analysts forecast that Martin Marietta Materials, Inc. will post 9.65 EPS for the current year.

Several research firms have recently weighed in on MLM. DA Davidson lifted their price target on shares of Martin Marietta Materials to $310.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. SunTrust Banks lifted their target price on shares of Martin Marietta Materials from $285.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on shares of Martin Marietta Materials from $262.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. ValuEngine downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their target price on shares of Martin Marietta Materials from $265.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $259.38.

In related news, CEO C Howard Nye sold 7,440 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $253.52, for a total transaction of $1,886,188.80. Following the sale, the chief executive officer now owns 154,544 shares of the company’s stock, valued at $39,179,994.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by insiders.

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.

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

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