State of Wisconsin Investment Board Buys 1,840 Shares of Martin Marietta Materials, Inc. (MLM)

State of Wisconsin Investment Board lifted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,598 shares of the construction company’s stock after purchasing an additional 1,840 shares during the period. State of Wisconsin Investment Board owned 0.08% of Martin Marietta Materials worth $10,435,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Profund Advisors LLC boosted its position in shares of Martin Marietta Materials by 0.3% in the 2nd quarter. Profund Advisors LLC now owns 1,600 shares of the construction company’s stock worth $356,000 after purchasing an additional 5 shares during the last quarter. First National Bank of Hutchinson boosted its position in shares of Martin Marietta Materials by 0.3% in the 2nd quarter. First National Bank of Hutchinson now owns 2,214 shares of the construction company’s stock worth $505,000 after purchasing an additional 6 shares during the last quarter. L & S Advisors Inc boosted its position in shares of Martin Marietta Materials by 0.8% in the 2nd quarter. L & S Advisors Inc now owns 3,091 shares of the construction company’s stock worth $688,000 after purchasing an additional 26 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Martin Marietta Materials by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 9,431 shares of the construction company’s stock worth $2,099,000 after purchasing an additional 27 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Martin Marietta Materials by 0.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 4,438 shares of the construction company’s stock worth $988,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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Martin Marietta Materials, Inc. (NYSE MLM) opened at $206.18 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73. The firm has a market capitalization of $13,336.28, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Martin Marietta Materials, Inc. has a twelve month low of $191.09 and a twelve month high of $244.32.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.06). The business had revenue of $1.02 million for the quarter, compared to the consensus estimate of $1.07 billion. Martin Marietta Materials had a return on equity of 10.39% and a net margin of 11.03%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.49 earnings per share. equities analysts predict that Martin Marietta Materials, Inc. will post 6.92 EPS for the current year.

Several research analysts have recently issued reports on the company. Zacks Investment Research lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. SunTrust Banks, Inc. restated a “buy” rating and issued a $228.00 price target on shares of Martin Marietta Materials in a research report on Friday, October 27th. BidaskClub lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. DA Davidson restated a “hold” rating and issued a $225.00 price target on shares of Martin Marietta Materials in a research report on Friday, November 3rd. Finally, Citigroup Inc. restated a “buy” rating and issued a $260.00 price target (down from $270.00) on shares of Martin Marietta Materials in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $242.43.

In other Martin Marietta Materials news, Director John J. Koraleski bought 500 shares of Martin Marietta Materials stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $198.37 per share, for a total transaction of $99,185.00. Following the completion of the acquisition, the director now owns 1,439 shares in the company, valued at approximately $285,454.43. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.45% of the company’s stock.

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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