Franklin Street Advisors Inc. NC Has $10.02 Million Holdings in Martin Marietta Materials, Inc. (MLM)

Franklin Street Advisors Inc. NC lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,335 shares of the construction company’s stock after buying an additional 8,650 shares during the quarter. Martin Marietta Materials makes up approximately 1.5% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 21st largest position. Franklin Street Advisors Inc. NC owned approximately 0.07% of Martin Marietta Materials worth $10,021,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MLM. Sun Life Financial INC raised its stake in Martin Marietta Materials by 6,442.9% in the 2nd quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock valued at $102,000 after purchasing an additional 451 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Martin Marietta Materials by 130.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock valued at $120,000 after purchasing an additional 305 shares during the last quarter. Highlander Capital Management LLC acquired a new position in Martin Marietta Materials in the 3rd quarter valued at $124,000. Massey Quick Simon & CO. LLC acquired a new position in Martin Marietta Materials in the 3rd quarter valued at $152,000. Finally, Westwood Holdings Group Inc. acquired a new position in Martin Marietta Materials in the 2nd quarter valued at $187,000. 97.69% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials, Inc. (NYSE MLM) opened at $224.08 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $191.09 and a twelve month high of $244.32. The company has a current ratio of 2.73, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $14,090.00, a price-to-earnings ratio of 32.66, a PEG ratio of 1.96 and a beta of 1.12.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a return on equity of 10.39% and a net margin of 11.03%. The firm had revenue of $1.02 million for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $2.49 EPS. Martin Marietta Materials’s revenue was down 1.5% on a year-over-year basis. research analysts predict that Martin Marietta Materials, Inc. will post 6.75 earnings per share for the current year.

Several brokerages have issued reports on MLM. Citigroup restated a “buy” rating and issued a $260.00 target price (down from $270.00) on shares of Martin Marietta Materials in a report on Monday, October 9th. Zacks Investment Research upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday. Stephens restated a “hold” rating and issued a $250.00 target price on shares of Martin Marietta Materials in a report on Wednesday, January 3rd. SunTrust Banks restated a “buy” rating and issued a $228.00 target price on shares of Martin Marietta Materials in a report on Friday, October 27th. Finally, DA Davidson restated a “hold” rating and issued a $225.00 target price on shares of Martin Marietta Materials in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $241.13.

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Martin Marietta Materials 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.

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

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