Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Colony Group LLC

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Colony Group LLC cut its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,522 shares of the construction company’s stock after selling 92 shares during the quarter. Colony Group LLC’s holdings in Martin Marietta Materials were worth $417,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MLM. Rational Advisors LLC increased its position 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 worth $26,000 after purchasing an additional 108 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth about $27,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Martin Marietta Materials during the 2nd quarter worth about $31,000. Capital Investment Advisory Services LLC increased its position 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 worth $34,000 after purchasing an additional 92 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its position in shares of Martin Marietta Materials by 28.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 196 shares of the construction company’s stock worth $43,000 after purchasing an additional 43 shares during the last quarter. 99.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Martin Marietta Materials stock opened at $268.40 on Monday. The business has a 50-day moving average of $263.63 and a 200 day moving average of $245.26. Martin Marietta Materials, Inc. has a 12 month low of $160.60 and a 12 month high of $275.99. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.29 and a quick ratio of 1.35.

Martin Marietta Materials (NYSE:MLM) last announced its 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. Martin Marietta Materials had a return on equity of 11.52% and a net margin of 12.35%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business posted $2.85 EPS. Martin Marietta Materials’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts anticipate that Martin Marietta Materials, Inc. will post 9.91 earnings per share for the current year.

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

MLM has been the subject of a number of recent analyst reports. SunTrust Banks raised their price objective on Martin Marietta Materials from $285.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Bank of America raised 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 price objective on shares of Martin Marietta Materials in a research report on Wednesday, October 16th. Longbow Research set a $265.00 price objective on Martin Marietta Materials and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Exane BNP Paribas initiated coverage on Martin Marietta Materials in a report 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 acquired 1,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of $260.23 per share, for a total transaction of $260,230.00. Following the purchase, the director now owns 3,250 shares of the company’s stock, valued at approximately $845,747.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.

Further Reading: What causes a recession?

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

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