Martin Marietta Materials, Inc. (MLM) Holdings Lifted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,352 shares of the construction company’s stock after acquiring an additional 436 shares during the period. Mutual of America Capital Management LLC’s holdings in Martin Marietta Materials were worth $1,846,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vigilant Capital Management LLC grew its holdings in shares of Martin Marietta Materials by 9.3% during the fourth quarter. Vigilant Capital Management LLC now owns 54,123 shares of the construction company’s stock worth $11,963,000 after purchasing an additional 4,591 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Martin Marietta Materials by 23.8% during the fourth quarter. Bessemer Group Inc. now owns 6,141 shares of the construction company’s stock worth $1,357,000 after purchasing an additional 1,180 shares during the last quarter. First National Bank of Hutchinson grew its holdings in shares of Martin Marietta Materials by 62.4% during the fourth quarter. First National Bank of Hutchinson now owns 3,477 shares of the construction company’s stock worth $769,000 after purchasing an additional 1,336 shares during the last quarter. Exane Derivatives grew its holdings in shares of Martin Marietta Materials by 329.3% during the fourth quarter. Exane Derivatives now owns 5,160 shares of the construction company’s stock worth $1,142,000 after purchasing an additional 3,958 shares during the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in shares of Martin Marietta Materials during the fourth quarter worth about $206,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.

Martin Marietta Materials, Inc. (MLM) opened at $218.41 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $13,374.00, a P/E ratio of 31.01, a P/E/G ratio of 2.22 and a beta of 1.10. Martin Marietta Materials, Inc. has a 12 month low of $191.09 and a 12 month high of $244.32.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.41. The company had revenue of $911.30 million for the quarter, compared to analyst estimates of $924.30 million. Martin Marietta Materials had a return on equity of 10.39% and a net margin of 11.03%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 earnings per share. analysts predict that Martin Marietta Materials, Inc. will post 6.73 EPS for the current year.

Several analysts have recently weighed in on MLM shares. SunTrust Banks restated a “buy” rating and set a $228.00 price target on shares of Martin Marietta Materials in a report on Friday, October 27th. Bank of America reduced their price target on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Zacks Investment Research upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Citigroup boosted their price target on Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Barclays started coverage on Martin Marietta Materials in a report on Tuesday, December 12th. They set an “equal weight” rating and a $227.00 price target on the stock. 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 company’s stock. The stock presently has an average rating of “Hold” and an average price target of $243.25.

ILLEGAL ACTIVITY NOTICE: “Martin Marietta Materials, Inc. (MLM) Holdings Lifted by Mutual of America Capital Management LLC” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/14/martin-marietta-materials-inc-mlm-holdings-lifted-by-mutual-of-america-capital-management-llc.html.

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)

Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply