Gilbert & Cook Inc. Acquires 64 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Gilbert & Cook Inc. increased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 994 shares of the construction company’s stock after buying an additional 64 shares during the quarter. Gilbert & Cook Inc.’s holdings in Martin Marietta Materials were worth $272,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Destination Wealth Management grew its position in Martin Marietta Materials by 825.0% during the 2nd quarter. Destination Wealth Management now owns 111 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Rational Advisors LLC boosted its stake in Martin Marietta Materials by 2,160.0% during the second quarter. Rational Advisors LLC now owns 113 shares of the construction company’s stock worth $26,000 after buying an additional 108 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Martin Marietta Materials during the second quarter worth $31,000. Capital Investment Advisory Services LLC boosted its stake in Martin Marietta Materials by 153.3% during the second quarter. Capital Investment Advisory Services LLC now owns 152 shares of the construction company’s stock worth $34,000 after buying an additional 92 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its stake in Martin Marietta Materials by 55.8% during the second quarter. CSat Investment Advisory L.P. now owns 187 shares of the construction company’s stock worth $43,000 after buying an additional 67 shares in the last quarter.

A number of research firms recently issued reports on MLM. JPMorgan Chase & Co. lifted their price target on Martin Marietta Materials from $265.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Exane BNP Paribas assumed coverage on Martin Marietta Materials in a research report on Wednesday, October 9th. They set an “underperform” rating on the stock. Stifel Nicolaus upped their price target on Martin Marietta Materials from $262.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays reaffirmed a “hold” rating and set a $284.00 price target on shares of Martin Marietta Materials in a research report on Wednesday, October 16th. Finally, ValuEngine downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $259.38.

In other Martin Marietta Materials news, CEO C Howard Nye sold 7,440 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $253.52, for a total value of $1,886,188.80. Following the completion of the transaction, the chief executive officer now owns 154,544 shares in the company, valued at $39,179,994.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Shares of MLM stock traded down $0.65 during trading hours on Friday, reaching $256.90. 604,322 shares of the company’s stock were exchanged, compared to its average volume of 622,069. The stock’s 50 day moving average is $265.67 and its 200-day moving average is $240.73. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 2.35 and a beta of 1.13. The company has a current ratio of 2.29, a quick ratio of 1.35 and a debt-to-equity ratio of 0.60. Martin Marietta Materials, Inc. has a fifty-two week low of $160.60 and a fifty-two week high of $275.99.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.46. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.33 billion. Martin Marietta Materials had a return on equity of 11.52% and a net margin of 12.35%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 earnings per share. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 9.65 EPS for the current year.

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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