Segall Bryant & Hamill LLC Sells 3,251 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Segall Bryant & Hamill LLC trimmed its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,750 shares of the construction company’s stock after selling 3,251 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.17% of Martin Marietta Materials worth $21,809,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MLM. Caledonia Private Investments Pty Ltd lifted its position 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 worth $164,590,000 after buying an additional 39,989 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Martin Marietta Materials by 162.4% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,041 shares of the construction company’s stock worth $10,526,000 after buying an additional 31,590 shares during the last quarter. King Luther Capital Management Corp increased its stake in Martin Marietta Materials by 3.1% in the third quarter. King Luther Capital Management Corp now owns 690,695 shares of the construction company’s stock worth $142,442,000 after purchasing an additional 20,725 shares during the period. Engineers Gate Manager LP purchased a new stake in Martin Marietta Materials in the third quarter worth $1,644,000. Finally, Envestnet Asset Management Inc. increased its stake in Martin Marietta Materials by 9.9% in the third quarter. Envestnet Asset Management Inc. now owns 21,552 shares of the construction company’s stock worth $4,445,000 after purchasing an additional 1,950 shares during the period. 97.38% of the stock is owned by institutional investors.

Shares of Martin Marietta Materials, Inc. (MLM) traded up $3.58 during trading hours on Friday, reaching $221.04. The company’s stock had a trading volume of 713,787 shares, compared to its average volume of 584,322. The firm has a market capitalization of $13,669.44, a P/E ratio of 32.22, a PEG ratio of 2.30 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. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 1.50.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing the Zacks’ 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 business had revenue of $1.02 million during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $2.49 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. equities research analysts anticipate that Martin Marietta Materials, Inc. will post 6.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Thursday, November 30th. Martin Marietta Materials’s payout ratio is 25.66%.

A number of research firms have weighed in on MLM. Barclays began coverage on Martin Marietta Materials in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $227.00 target price on the stock. DA Davidson restated a “hold” rating and set a $225.00 price target on shares of Martin Marietta Materials in a research note on Friday, November 3rd. SunTrust Banks restated a “buy” rating and set a $228.00 price target on shares of Martin Marietta Materials in a research note on Friday, October 27th. Bank of America lowered their price target on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. Finally, Jefferies Group reissued a “buy” rating and issued a $240.00 price target on shares of Martin Marietta Materials in a report on Wednesday, October 11th. One equities research 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 company has an average rating of “Hold” and a consensus target price 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.

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

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