Massmutual Trust Co. FSB ADV Has $440,000 Position in Martin Marietta Materials, Inc. (MLM)

Massmutual Trust Co. FSB ADV decreased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 36.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,417 shares of the construction company’s stock after selling 1,401 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Martin Marietta Materials were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MLM. Robeco Institutional Asset Management B.V. bought a new stake in shares of Martin Marietta Materials in the third quarter worth $110,000. Flagship Harbor Advisors LLC bought a new stake in shares of Martin Marietta Materials in the second quarter worth $128,000. Piedmont Investment Advisors LLC bought a new stake in shares of Martin Marietta Materials in the second quarter worth $160,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in shares of Martin Marietta Materials in the third quarter worth $181,000. Finally, NuWave Investment Management LLC grew its stake in shares of Martin Marietta Materials by 18,400.0% in the third quarter. NuWave Investment Management LLC now owns 1,110 shares of the construction company’s stock worth $202,000 after purchasing an additional 1,104 shares during the last quarter.

In related news, SVP Donald A. Mccunniff sold 1,476 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $185.50, for a total value of $273,798.00. Following the transaction, the senior vice president now owns 14,467 shares in the company, valued at $2,683,628.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.75% of the stock is owned by insiders.

Several equities analysts recently issued reports on the stock. ValuEngine lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Stephens set a $204.00 target price on shares of Martin Marietta Materials and gave the company a “hold” rating in a report on Tuesday, November 13th. Citigroup dropped their target price on shares of Martin Marietta Materials from $262.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, July 30th. Zacks Investment Research restated a “sell” rating on shares of Martin Marietta Materials in a report on Tuesday, November 13th. Finally, SunTrust Banks dropped their target price on shares of Martin Marietta Materials to $205.00 and set a “buy” rating on the stock in a report on Thursday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $219.11.

MLM stock opened at $186.43 on Friday. The firm has a market capitalization of $11.69 billion, a P/E ratio of 25.97, a PEG ratio of 1.86 and a beta of 1.09. The company has a current ratio of 1.88, a quick ratio of 1.04 and a debt-to-equity ratio of 0.57. Martin Marietta Materials, Inc. has a 12-month low of $150.75 and a 12-month high of $241.33.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, November 6th. The construction company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.21. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Martin Marietta Materials had a net margin of 17.95% and a return on equity of 10.78%. Martin Marietta Materials’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.39 earnings per share. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 8.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 3rd will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.92 annualized dividend and a yield of 1.03%. Martin Marietta Materials’s payout ratio is 26.74%.

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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 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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