Martin Marietta Materials, Inc. (MLM) Holdings Cut by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB lowered its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 4.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,707 shares of the construction company’s stock after selling 428 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Martin Marietta Materials were worth $1,766,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. boosted its position in Martin Marietta Materials by 1.3% during the second quarter. BlackRock Inc. now owns 3,962,118 shares of the construction company’s stock worth $884,859,000 after purchasing an additional 51,674 shares during the period. Morgan Stanley boosted its position in Martin Marietta Materials by 27.9% during the second quarter. Morgan Stanley now owns 3,492,115 shares of the construction company’s stock worth $779,894,000 after purchasing an additional 760,872 shares during the period. Select Equity Group L.P. boosted its position in Martin Marietta Materials by 6.6% during the second quarter. Select Equity Group L.P. now owns 1,937,854 shares of the construction company’s stock worth $432,781,000 after purchasing an additional 119,936 shares during the period. FMR LLC boosted its position in Martin Marietta Materials by 37.9% during the second quarter. FMR LLC now owns 1,831,320 shares of the construction company’s stock worth $408,988,000 after purchasing an additional 503,126 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Martin Marietta Materials by 19.1% during the second quarter. Bank of New York Mellon Corp now owns 1,006,654 shares of the construction company’s stock worth $224,815,000 after purchasing an additional 161,522 shares during the period.

In other news, SVP Donald A. Mccunniff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $204.33, for a total value of $459,742.50. Following the completion of the sale, the senior vice president now directly owns 12,649 shares of the company’s stock, valued at $2,584,570.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

MLM opened at $177.43 on Friday. Martin Marietta Materials, Inc. has a 1-year low of $150.75 and a 1-year high of $241.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.05 and a quick ratio of 1.14. The company has a market capitalization of $10.79 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09.

A number of equities research analysts have issued reports on the company. ValuEngine cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Citigroup decreased their target price on Martin Marietta Materials from $262.00 to $250.00 and set a “buy” rating for the company in a research report on Monday, July 30th. Nomura assumed coverage on Martin Marietta Materials in a research report on Monday, October 29th. They set a “buy” rating and a $220.00 target price for the company. Stephens set a $187.00 target price on Martin Marietta Materials and gave the stock a “hold” rating in a research report on Wednesday, October 17th. Finally, Bank of America reduced their price objective on Martin Marietta Materials to $247.00 and set a “buy” rating for the company in a research report on Wednesday, July 25th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $221.67.

Martin Marietta Materials Profile

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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