Martin Marietta Materials, Inc. (MLM) Position Reduced by Fiduciary Financial Services of The Southwest Inc. TX

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Fiduciary Financial Services of The Southwest Inc. TX lessened its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,031 shares of the construction company’s stock after selling 1,109 shares during the quarter. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Martin Marietta Materials were worth $1,552,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MLM. Bogart Wealth LLC increased its holdings in Martin Marietta Materials by 76.9% in the fourth quarter. Bogart Wealth LLC now owns 230 shares of the construction company’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. Cornerstone Advisors Inc. acquired a new position in Martin Marietta Materials in the third quarter valued at $77,000. Robeco Institutional Asset Management B.V. acquired a new position in Martin Marietta Materials in the third quarter valued at $110,000. Point72 Hong Kong Ltd acquired a new position in Martin Marietta Materials in the third quarter valued at $161,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Martin Marietta Materials in the third quarter valued at $181,000.

NYSE:MLM traded up $1.35 during mid-day trading on Thursday, reaching $179.88. The stock had a trading volume of 8,201 shares, compared to its average volume of 629,772. The company has a quick ratio of 1.04, a current ratio of 1.88 and a debt-to-equity ratio of 0.57. The company has a market cap of $11.04 billion, a P/E ratio of 25.11, a PEG ratio of 1.70 and a beta of 1.14. Martin Marietta Materials, Inc. has a twelve month low of $150.75 and a twelve month high of $238.52.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, November 6th. The construction company reported $2.85 EPS for the quarter, beating the Zacks’ consensus estimate of $2.64 by $0.21. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Martin Marietta Materials had a net margin of 17.95% and a return on equity of 10.78%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.39 earnings per share. Analysts expect that Martin Marietta Materials, Inc. will post 8.07 EPS for the current year.

MLM has been the subject of several research analyst reports. Nomura initiated coverage on shares of Martin Marietta Materials in a research note on Monday, October 29th. They issued a “buy” rating and a $220.00 price objective for the company. Deutsche Bank began coverage on shares of Martin Marietta Materials in a research note on Thursday, January 3rd. They set a “buy” rating and a $198.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating and set a $232.00 target price on shares of Martin Marietta Materials in a research note on Tuesday. Stephens set a $204.00 target price on shares of Martin Marietta Materials and gave the stock a “hold” rating in a research note on Tuesday, November 13th. Finally, SunTrust Banks decreased their target price on shares of Martin Marietta Materials to $205.00 and set a “buy” rating for the company in a research note on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $216.55.

In related news, SVP Donald A. Mccunniff sold 1,476 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $185.50, for a total value of $273,798.00. Following the completion of the sale, the senior vice president now owns 14,467 shares in the company, valued at $2,683,628.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John J. Koraleski acquired 1,000 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price of $174.07 per share, with a total value of $174,070.00. Following the transaction, the director now owns 2,172 shares of the company’s stock, valued at $378,080.04. The disclosure for this purchase can be found here. 0.75% of the stock is owned by company insiders.

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Martin Marietta Materials 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 provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; and 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.

See Also: Return on Investment (ROI) Defined, Explained

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

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