Nisa Investment Advisors LLC Purchases 6,100 Shares of Martin Marietta Materials, Inc. (MLM)

Nisa Investment Advisors LLC lifted its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 158.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,950 shares of the construction company’s stock after purchasing an additional 6,100 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Martin Marietta Materials were worth $2,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sun Life Financial INC grew its holdings in shares of Martin Marietta Materials by 6,442.9% during 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 in the last quarter. Highlander Capital Management LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth approximately $124,000. Massey Quick Simon & CO. LLC acquired a new stake in Martin Marietta Materials in the 3rd quarter valued at $152,000. Westwood Holdings Group Inc. acquired a new stake in Martin Marietta Materials in the 2nd quarter valued at $187,000. Finally, Numeric Investors LLC acquired a new stake in Martin Marietta Materials in the 2nd quarter valued at $200,000. 97.22% of the stock is currently owned by institutional investors.

Shares of Martin Marietta Materials, Inc. (NYSE:MLM) opened at $226.98 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 1.50. The company has a market capitalization of $14,246.49, a price-to-earnings ratio of 33.09, a P/E/G ratio of 1.89 and a beta of 1.12. Martin Marietta Materials, Inc. has a one year low of $191.09 and a one year high of $244.32.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The company had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $2.49 EPS. Martin Marietta Materials’s quarterly revenue was down 1.5% compared to the same quarter last year. equities analysts forecast that Martin Marietta Materials, Inc. will post 6.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were given a $0.44 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.76 annualized dividend and a yield of 0.78%. Martin Marietta Materials’s payout ratio is 25.66%.

MLM has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating and issued a $260.00 price target (down previously from $270.00) on shares of Martin Marietta Materials in a research note on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating and issued a $240.00 price target on shares of Martin Marietta Materials in a research note on Wednesday, October 11th. Bank of America decreased their price target on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. SunTrust Banks reaffirmed a “buy” rating and issued a $228.00 price target on shares of Martin Marietta Materials in a research note on Friday, October 27th. Finally, DA Davidson reaffirmed a “hold” rating and issued a $225.00 price target on shares of Martin Marietta Materials in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $240.50.

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About Martin Marietta Materials

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.

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

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