Legacy Private Trust Co. Buys Shares of 1,475 Martin Marietta Materials, Inc. (NYSE:MLM)

Legacy Private Trust Co. bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,475 shares of the construction company’s stock, valued at approximately $339,000.

Other large investors also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. lifted its stake in Martin Marietta Materials by 191.8% in the first quarter. Shine Investment Advisory Services Inc. now owns 143 shares of the construction company’s stock valued at $29,000 after buying an additional 94 shares during the period. Global Retirement Partners LLC raised its position in shares of Martin Marietta Materials by 82.9% during the first quarter. Global Retirement Partners LLC now owns 192 shares of the construction company’s stock worth $39,000 after purchasing an additional 87 shares during the period. Avestar Capital LLC raised its position in shares of Martin Marietta Materials by 3,800.0% during the first quarter. Avestar Capital LLC now owns 234 shares of the construction company’s stock worth $46,000 after purchasing an additional 228 shares during the period. Gemmer Asset Management LLC raised its position in shares of Martin Marietta Materials by 69.0% during the first quarter. Gemmer Asset Management LLC now owns 245 shares of the construction company’s stock worth $49,000 after purchasing an additional 100 shares during the period. Finally, CWM LLC raised its position in shares of Martin Marietta Materials by 93.1% during the first quarter. CWM LLC now owns 253 shares of the construction company’s stock worth $51,000 after purchasing an additional 122 shares during the period.

In related news, SVP Donald A. Mccunniff sold 3,183 shares of Martin Marietta Materials stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $220.19, for a total value of $700,864.77. Following the sale, the senior vice president now owns 16,724 shares of the company’s stock, valued at approximately $3,682,457.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Laree E. Perez sold 824 shares of Martin Marietta Materials stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $231.80, for a total value of $191,003.20. Following the completion of the sale, the director now directly owns 14,136 shares in the company, valued at approximately $3,276,724.80. The disclosure for this sale can be found here. In the last three months, insiders sold 18,675 shares of company stock worth $4,125,869. 0.73% of the stock is owned by insiders.

MLM has been the topic of a number of research analyst reports. DA Davidson dropped their price target on Cloudera to $9.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Bank of America lowered Propetro from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,620 ($47.30) price target on shares of Bellway in a research report on Wednesday, April 3rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $78.00 price target (down previously from $85.00) on shares of GrubHub in a research report on Wednesday. Finally, Citigroup raised their price target on Martin Marietta Materials from $239.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. Martin Marietta Materials currently has an average rating of “Buy” and a consensus price target of $223.40.

Shares of Martin Marietta Materials stock opened at $249.42 on Wednesday. The company has a 50 day moving average price of $226.06. Martin Marietta Materials, Inc. has a 52-week low of $150.75 and a 52-week high of $246.48. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 1.81.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, July 30th. The construction company reported $3.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($0.07). Martin Marietta Materials had a net margin of 11.48% and a return on equity of 10.82%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $3.25 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts anticipate that Martin Marietta Materials, Inc. will post 9.27 EPS for the current fiscal year.

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

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