Gilder Gagnon Howe & Co. LLC Reduces Stake in Martin Marietta Materials, Inc. (MLM)

Gilder Gagnon Howe & Co. LLC decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,137 shares of the construction company’s stock after selling 10,202 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.42% of Martin Marietta Materials worth $48,606,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MLM. Morgan Stanley grew its holdings in shares of Martin Marietta Materials by 27.9% during the second quarter. Morgan Stanley now owns 3,492,115 shares of the construction company’s stock worth $779,894,000 after buying an additional 760,872 shares in the last quarter. Standard Life Aberdeen plc boosted its position in shares of Martin Marietta Materials by 226.2% during the 2nd quarter. Standard Life Aberdeen plc now owns 739,350 shares of the construction company’s stock valued at $165,130,000 after acquiring an additional 512,723 shares during the last quarter. FMR LLC boosted its position in shares of Martin Marietta Materials by 37.9% during the 2nd quarter. FMR LLC now owns 1,831,320 shares of the construction company’s stock valued at $408,988,000 after acquiring an additional 503,126 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Martin Marietta Materials by 19.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,006,654 shares of the construction company’s stock valued at $224,815,000 after acquiring an additional 161,522 shares during the last quarter. Finally, Select Equity Group L.P. boosted its position in shares of Martin Marietta Materials by 6.6% during the 2nd quarter. Select Equity Group L.P. now owns 1,937,854 shares of the construction company’s stock valued at $432,781,000 after acquiring an additional 119,936 shares during the last quarter.

In other Martin Marietta Materials news, SVP Donald A. Mccunniff sold 2,250 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $204.33, for a total value of $459,742.50. Following the transaction, the senior vice president now owns 12,649 shares of the company’s stock, valued at $2,584,570.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.75% of the company’s stock.



Shares of MLM stock opened at $166.21 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.14 and a current ratio of 2.05. The stock has a market cap of $9.88 billion, a PE ratio of 19.98, a PEG ratio of 1.24 and a beta of 1.08. Martin Marietta Materials, Inc. has a twelve month low of $150.75 and a twelve month high of $241.33.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Thursday, July 26th. The construction company reported $3.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.80 by $0.45. Martin Marietta Materials had a net margin of 17.82% and a return on equity of 10.52%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. Martin Marietta Materials’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, analysts forecast that Martin Marietta Materials, Inc. will post 8.74 earnings per share for the current year.

Several research analysts have recently weighed in on MLM shares. Bank of America lowered their price target on shares of Martin Marietta Materials to $247.00 and set a “buy” rating on the stock in a research report on Wednesday, July 25th. Stifel Nicolaus boosted their price target on shares of Martin Marietta Materials from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, July 27th. ValuEngine cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Citigroup lowered their price target on shares of Martin Marietta Materials from $262.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. Finally, Stephens reissued a “hold” rating and set a $233.00 price target on shares of Martin Marietta Materials in a research report on Wednesday, August 1st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Martin Marietta Materials has an average rating of “Buy” and a consensus target price of $221.67.

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.

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

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