Toronto Dominion Bank raised its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 14.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,366 shares of the construction company’s stock after buying an additional 3,538 shares during the quarter. Toronto Dominion Bank’s holdings in Martin Marietta Materials were worth $6,049,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MLM. Highlander Capital Management LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth approximately $124,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth approximately $152,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $155,000. First Dallas Securities Inc. acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $155,000. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $206,000. 96.45% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Laree E. Perez sold 3,000 shares of Martin Marietta Materials stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $214.00, for a total transaction of $642,000.00. Following the completion of the sale, the director now directly owns 16,751 shares of the company’s stock, valued at $3,584,714. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.45% of the stock is owned by insiders.
Shares of Martin Marietta Materials, Inc. (NYSE:MLM) opened at $216.25 on Tuesday. The firm has a market capitalization of $13,593.38, a price-to-earnings ratio of 30.08, a PEG ratio of 3.14 and a beta of 1.10. Martin Marietta Materials, Inc. has a 52-week low of $191.09 and a 52-week high of $244.32. 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 (NYSE:MLM) last announced its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.46. Martin Marietta Materials had a return on equity of 10.85% and a net margin of 17.99%. The business 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 firm earned $1.55 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. research analysts forecast that Martin Marietta Materials, Inc. will post 8.53 EPS for the current year.
Several analysts have recently weighed in on the company. Citigroup lifted their price objective on Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Stephens restated a “hold” rating and set a $250.00 target price on shares of Martin Marietta Materials in a research report on Wednesday, January 3rd. Alembic Global Advisors restated a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday, February 14th. Finally, SunTrust Banks restated a “buy” rating and set a $228.00 target price on shares of Martin Marietta Materials in a research report on Friday, October 27th. One 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. The stock has an average rating of “Hold” and an average target price of $243.25.
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About Martin Marietta Materials
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.
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