Martin Marietta Materials (MLM) Position Raised by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. boosted its stake in Martin Marietta Materials (NYSE:MLM) by 177.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,668 shares of the construction company’s stock after purchasing an additional 5,548 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Martin Marietta Materials were worth $1,917,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Iridian Asset Management LLC CT grew its holdings in Martin Marietta Materials by 22.0% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,177,847 shares of the construction company’s stock valued at $481,391,000 after purchasing an additional 392,445 shares during the period. Aristotle Capital Management LLC grew its holdings in Martin Marietta Materials by 4.2% in the fourth quarter. Aristotle Capital Management LLC now owns 1,688,885 shares of the construction company’s stock valued at $373,312,000 after purchasing an additional 68,461 shares during the period. JPMorgan Chase & Co. grew its holdings in Martin Marietta Materials by 22.1% in the third quarter. JPMorgan Chase & Co. now owns 1,578,296 shares of the construction company’s stock valued at $323,552,000 after purchasing an additional 285,376 shares during the period. Caledonia Private Investments Pty Ltd grew its holdings in Martin Marietta Materials by 5.3% in the third quarter. Caledonia Private Investments Pty Ltd now owns 798,089 shares of the construction company’s stock valued at $164,590,000 after purchasing an additional 39,989 shares during the period. Finally, Epoch Investment Partners Inc. grew its holdings in Martin Marietta Materials by 19.3% in the third quarter. Epoch Investment Partners Inc. now owns 787,381 shares of the construction company’s stock valued at $162,381,000 after purchasing an additional 127,210 shares during the period. Hedge funds and other institutional investors own 99.26% of the company’s stock.

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In other news, Director Laree E. Perez sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $214.00, for a total transaction of $642,000.00. Following the transaction, the director now directly owns 16,751 shares of the company’s stock, valued at $3,584,714. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.45% of the company’s stock.

Shares of Martin Marietta Materials stock opened at $205.68 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.93 and a current ratio of 3.79. Martin Marietta Materials has a 52 week low of $191.09 and a 52 week high of $244.32. The stock has a market cap of $12,917.32, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 2.96 and a beta of 1.17.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, February 13th. The construction company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.46. Martin Marietta Materials had a net margin of 17.99% and a return on equity of 10.55%. The business had revenue of $911.30 million for the quarter, compared to analysts’ expectations of $924.30 million. During the same period in the previous year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts predict that Martin Marietta Materials will post 8.62 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 5th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, March 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.86%. Martin Marietta Materials’s payout ratio is currently 15.63%.

Several research firms have issued reports on MLM. Alembic Global Advisors reiterated a “buy” rating on shares of Martin Marietta Materials in a research note on Wednesday, February 14th. SunTrust Banks reiterated a “buy” rating and set a $245.00 price objective on shares of Martin Marietta Materials in a research note on Tuesday, February 13th. Citigroup boosted their price objective on shares of Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Stephens reiterated a “hold” rating and set a $250.00 price objective on shares of Martin Marietta Materials in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $243.25.

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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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