DE Burlo Group Inc. acquired a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,700 shares of the construction company’s stock, valued at approximately $6,348,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Prime Capital Investment Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at $27,000. Heritage Wealth Advisors acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $34,000. Capital Investment Advisory Services LLC grew its holdings in Martin Marietta Materials by 55.3% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 236 shares of the construction company’s stock worth $65,000 after acquiring an additional 84 shares during the period. Allred Capital Management LLC acquired a new position in shares of Martin Marietta Materials in the 4th quarter valued at $82,000. Finally, Marshall Wace North America L.P. bought a new position in Martin Marietta Materials during the first quarter worth about $62,000. Institutional investors and hedge funds own 99.55% of the company’s stock.
MLM has been the topic of a number of research analyst reports. ValuEngine lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th. Stifel Nicolaus restated a “buy” rating and set a $300.00 target price on shares of Martin Marietta Materials in a report on Tuesday, January 14th. SunTrust Banks increased their price target on Martin Marietta Materials from $285.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup dropped their price target on shares of Martin Marietta Materials from $336.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Loop Capital started coverage on Martin Marietta Materials in a research report on Thursday, December 19th. They set a “hold” rating and a $288.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Martin Marietta Materials presently has an average rating of “Hold” and a consensus target price of $272.57.
Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, February 11th. The construction company reported $2.09 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.09). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 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 7.9% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. On average, analysts predict that Martin Marietta Materials, Inc. will post 9.91 EPS for the current year.
In related news, Director John J. Koraleski acquired 1,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $260.23 per share, for a total transaction of $260,230.00. Following the purchase, the director now owns 3,250 shares in the company, valued at $845,747.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by insiders.
About Martin Marietta Materials
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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