Schwab Charles Investment Management Inc. Acquires 7,040 Shares of Martin Marietta Materials, Inc. (MLM)

Schwab Charles Investment Management Inc. boosted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,247 shares of the construction company’s stock after buying an additional 7,040 shares during the period. Schwab Charles Investment Management Inc. owned 0.35% of Martin Marietta Materials worth $48,684,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. increased its position in shares of Martin Marietta Materials by 3.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 1,330 shares of the construction company’s stock valued at $296,000 after acquiring an additional 41 shares during the period. Suntrust Banks Inc. grew its position in Martin Marietta Materials by 7.2% during the 2nd quarter. Suntrust Banks Inc. now owns 1,817 shares of the construction company’s stock worth $403,000 after purchasing an additional 122 shares during the period. ARP Americas LLC grew its position in Martin Marietta Materials by 21.0% during the 3rd quarter. ARP Americas LLC now owns 1,452 shares of the construction company’s stock worth $299,000 after purchasing an additional 252 shares during the period. Norinchukin Bank The grew its position in Martin Marietta Materials by 7.6% during the 3rd quarter. Norinchukin Bank The now owns 4,677 shares of the construction company’s stock worth $965,000 after purchasing an additional 331 shares during the period. Finally, Huntington National Bank grew its position in shares of Martin Marietta Materials by 14.7% during the 3rd quarter. Huntington National Bank now owns 2,840 shares of the construction company’s stock valued at $586,000 after acquiring an additional 365 shares during the period. Institutional investors own 98.23% of the company’s stock.

Martin Marietta Materials, Inc. (NYSE MLM) traded down $6.16 during trading hours on Wednesday, hitting $212.25. 468,509 shares of the company’s stock traded hands, compared to its average volume of 748,839. The firm has a market capitalization of $13,374.00, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Martin Marietta Materials, Inc. has a fifty-two week low of $191.09 and a fifty-two week 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.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.41. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The firm had revenue of $911.30 million during the quarter, compared to analysts’ expectations of $924.30 million. During the same period in the previous year, the company earned $1.55 earnings per share. Martin Marietta Materials’s quarterly revenue was up 2.5% compared to the same quarter last year. research analysts expect that Martin Marietta Materials, Inc. will post 6.73 earnings per share for the current fiscal year.

A number of research firms have recently commented on MLM. Alembic Global Advisors restated a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday. SunTrust Banks reaffirmed a “buy” rating and issued a $245.00 price target on shares of Martin Marietta Materials in a research note on Tuesday. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Citigroup raised their target price on shares of Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Stephens restated a “hold” rating and set a $250.00 price target on shares of Martin Marietta Materials in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $243.25.

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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.

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

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