Martin Marietta Materials, Inc. (NYSE:MLM) Holdings Decreased by BB&T Securities LLC

BB&T Securities LLC trimmed its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 44.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,353 shares of the construction company’s stock after selling 1,087 shares during the quarter. BB&T Securities LLC’s holdings in Martin Marietta Materials were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in Martin Marietta Materials during the 3rd quarter worth $165,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Martin Marietta Materials by 171.9% in the third quarter. Steward Partners Investment Advisory LLC now owns 367 shares of the construction company’s stock valued at $100,000 after buying an additional 232 shares during the period. Columbus Circle Investors lifted its holdings in shares of Martin Marietta Materials by 16.6% in the third quarter. Columbus Circle Investors now owns 41,376 shares of the construction company’s stock valued at $11,341,000 after buying an additional 5,887 shares during the period. B & T Capital Management DBA Alpha Capital Management lifted its holdings in shares of Martin Marietta Materials by 1.4% in the third quarter. B & T Capital Management DBA Alpha Capital Management now owns 6,868 shares of the construction company’s stock valued at $1,883,000 after buying an additional 98 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Martin Marietta Materials by 3.7% in the third quarter. Janney Montgomery Scott LLC now owns 4,783 shares of the construction company’s stock valued at $1,311,000 after buying an additional 170 shares during the period.

Several analysts have recently weighed in on the company. SunTrust Banks upped their price objective on Martin Marietta Materials from $285.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their price objective on Martin Marietta Materials from $262.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BNP Paribas assumed coverage on Martin Marietta Materials in a report on Wednesday, October 9th. They issued an “underperform” rating for the company. Longbow Research set a $265.00 price objective on Martin Marietta Materials and gave the company a “buy” rating in a report on Friday, August 30th. Finally, ValuEngine lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. Martin Marietta Materials has a consensus rating of “Hold” and a consensus target price of $259.38.

Shares of Martin Marietta Materials stock opened at $257.39 on Thursday. The stock’s fifty day moving average is $264.86 and its 200-day moving average is $241.62. The firm has a market capitalization of $16.06 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. The company has a quick ratio of 1.35, a current ratio of 2.29 and a debt-to-equity ratio of 0.60. Martin Marietta Materials, Inc. has a 12-month low of $160.60 and a 12-month high of $275.99.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.46. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.33 billion. Martin Marietta Materials had a return on equity of 11.52% and a net margin of 12.35%. Martin Marietta Materials’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.85 earnings per share. Analysts expect that Martin Marietta Materials, Inc. will post 9.78 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, November 29th. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 27.19%.

In other news, CEO C Howard Nye sold 7,440 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $253.52, for a total transaction of $1,886,188.80. Following the sale, the chief executive officer now directly owns 154,544 shares of the company’s stock, valued at $39,179,994.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is owned by insiders.

About Martin Marietta Materials

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 offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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.

Further Reading: What is a stock buyback?

Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials, Inc. (NYSE:MLM).

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.