Trexquant Investment LP Has $283,000 Position in Martin Marietta Materials, Inc. (MLM)

Trexquant Investment LP cut its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 64.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,370 shares of the construction company’s stock after selling 2,530 shares during the period. Trexquant Investment LP’s holdings in Martin Marietta Materials were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in Martin Marietta Materials by 22.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,578,296 shares of the construction company’s stock worth $323,552,000 after buying an additional 285,376 shares during the period. Legal & General Group Plc boosted its holdings in Martin Marietta Materials by 0.6% in the 3rd quarter. Legal & General Group Plc now owns 305,556 shares of the construction company’s stock worth $63,013,000 after buying an additional 1,899 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Martin Marietta Materials by 3.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 45,422 shares of the construction company’s stock worth $9,300,000 after buying an additional 1,349 shares during the period. Tdam USA Inc. boosted its holdings in Martin Marietta Materials by 10.5% in the 3rd quarter. Tdam USA Inc. now owns 37,844 shares of the construction company’s stock worth $7,804,000 after buying an additional 3,608 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in Martin Marietta Materials by 9.2% in the 3rd quarter. TD Asset Management Inc. now owns 318,960 shares of the construction company’s stock worth $65,779,000 after buying an additional 26,825 shares during the period. 97.45% of the stock is owned by institutional investors.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) traded down $4.39 during trading hours on Thursday, reaching $201.51. 590,800 shares of the company’s stock traded hands, compared to its average volume of 637,380. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73. Martin Marietta Materials, Inc. has a 1 year low of $191.09 and a 1 year high of $244.32. The company has a market cap of $12,942.78, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 2.15 and a beta of 1.12.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.06). The firm had revenue of $1.02 million during the quarter, compared to the consensus estimate of $1.07 billion. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.49 earnings per share. sell-side analysts forecast that Martin Marietta Materials, Inc. will post 6.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 30th. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 25.66%.

MLM has been the subject of several analyst reports. Jefferies Group set a $166.00 price objective on shares of Martin Marietta Materials and gave the stock a “hold” rating in a report on Monday, August 21st. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup reissued a “buy” rating and issued a $260.00 price target (down from $270.00) on shares of Martin Marietta Materials in a report on Monday, October 9th. Bank of America cut their price target on shares of Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. Finally, SunTrust Banks reissued a “buy” rating and issued a $228.00 price target on shares of Martin Marietta Materials in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $242.43.

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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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