Carleon Capital Partners LLC continued to hold its position in Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,685 shares of the construction company’s stock at the end of the second quarter. Carleon Capital Partners LLC’s holdings in Martin Marietta Materials were worth $817,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in MLM. First Personal Financial Services raised its position in Martin Marietta Materials by 4.5% in the first quarter. First Personal Financial Services now owns 513 shares of the construction company’s stock valued at $112,000 after buying an additional 22 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Martin Marietta Materials during the second quarter valued at about $134,000. FNY Partners Fund LP bought a new stake in shares of Martin Marietta Materials during the first quarter worth $174,000. IBM Retirement Fund raised its stake in shares of Martin Marietta Materials by 30.6% in the second quarter. IBM Retirement Fund now owns 922 shares of the construction company’s stock worth $205,000 after buying an additional 216 shares during the period. Finally, Shufro Rose & Co. LLC bought a new stake in shares of Martin Marietta Materials during the first quarter worth $229,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.
Martin Marietta Materials, Inc. (NYSE MLM) traded down 0.98% on Friday, reaching $204.77. 523,317 shares of the company were exchanged. The stock has a 50-day moving average price of $221.66 and a 200 day moving average price of $222.91. Martin Marietta Materials, Inc. has a 52 week low of $167.06 and a 52 week high of $244.32. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 29.47 and a beta of 1.14.
Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $2.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by $0.13. Martin Marietta Materials had a return on equity of 10.69% and a net margin of 11.19%. The business had revenue of $996.30 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business posted $1.90 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts forecast that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current year.
A number of equities research analysts have recently weighed in on MLM shares. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Stifel Nicolaus boosted their price objective on shares of Martin Marietta Materials from $258.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Stephens boosted their price objective on shares of Martin Marietta Materials from $246.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, May 4th. Finally, BidaskClub raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $229.67.
Martin Marietta Materials Company Profile
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.
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