Scout Investments Inc. Has $10.07 Million Stake in Martin Marietta Materials, Inc. (MLM)

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Scout Investments Inc. grew its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,042 shares of the construction company’s stock after buying an additional 2,655 shares during the period. Scout Investments Inc. owned 0.08% of Martin Marietta Materials worth $10,067,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of Martin Marietta Materials by 11.2% during the 4th quarter. Legal & General Group Plc now owns 301,344 shares of the construction company’s stock valued at $51,792,000 after buying an additional 30,279 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Martin Marietta Materials during the 4th quarter valued at about $481,000. Point72 Hong Kong Ltd purchased a new position in shares of Martin Marietta Materials during the 3rd quarter valued at about $161,000. Handelsbanken Fonder AB lifted its position in shares of Martin Marietta Materials by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 30,000 shares of the construction company’s stock valued at $5,156,000 after buying an additional 2,000 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Martin Marietta Materials by 7.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 9,540 shares of the construction company’s stock valued at $1,640,000 after buying an additional 690 shares in the last quarter.

NYSE MLM opened at $212.16 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.89 and a current ratio of 1.74. Martin Marietta Materials, Inc. has a 12 month low of $150.75 and a 12 month high of $232.88. The company has a market capitalization of $12.95 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, February 12th. The construction company reported $1.50 EPS for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.21). Martin Marietta Materials had a return on equity of 10.31% and a net margin of 11.07%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the firm posted $1.88 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Martin Marietta Materials, Inc. will post 8.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 4th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, March 1st. Martin Marietta Materials’s payout ratio is 23.73%.

In other Martin Marietta Materials news, Director Sue W. Cole sold 1,500 shares of Martin Marietta Materials stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $195.07, for a total value of $292,605.00. Following the sale, the director now owns 20,933 shares of the company’s stock, valued at approximately $4,083,400.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Donald A. Mccunniff sold 660 shares of Martin Marietta Materials stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $190.90, for a total value of $125,994.00. Following the completion of the sale, the senior vice president now directly owns 15,349 shares in the company, valued at approximately $2,930,124.10. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

A number of research firms have recently weighed in on MLM. JPMorgan Chase & Co. began coverage on Martin Marietta Materials in a research report on Thursday, March 21st. They set an “overweight” rating and a $225.00 price objective on the stock. Goldman Sachs Group raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $207.00 to $232.00 in a report on Thursday. Deutsche Bank boosted their price target on Martin Marietta Materials from $198.00 to $207.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Citigroup lowered their price target on Martin Marietta Materials from $231.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, January 3rd. Finally, Zacks Investment Research raised Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 18th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $217.36.

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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.

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

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