Chapter IV Investors LLC Decreases Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Chapter IV Investors LLC lessened its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,000 shares of the construction company’s stock after selling 20,000 shares during the quarter. Martin Marietta Materials accounts for about 16.9% of Chapter IV Investors LLC’s investment portfolio, making the stock its biggest holding. Chapter IV Investors LLC owned about 0.25% of Martin Marietta Materials worth $35,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in MLM. First Trust Advisors LP boosted its holdings in shares of Martin Marietta Materials by 113.0% in the first quarter. First Trust Advisors LP now owns 95,753 shares of the construction company’s stock valued at $20,898,000 after buying an additional 50,806 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Martin Marietta Materials by 80.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 5,468 shares of the construction company’s stock worth $1,223,000 after purchasing an additional 2,433 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in Martin Marietta Materials by 52.4% during the first quarter. Suntrust Banks Inc. now owns 1,695 shares of the construction company’s stock worth $369,000 after purchasing an additional 583 shares during the last quarter. Comerica Bank boosted its holdings in Martin Marietta Materials by 2.2% during the first quarter. Comerica Bank now owns 22,637 shares of the construction company’s stock worth $5,056,000 after purchasing an additional 486 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings in Martin Marietta Materials by 1.7% during the first quarter. Pictet Asset Management Ltd. now owns 32,621 shares of the construction company’s stock worth $7,120,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 95.80% of the company’s stock.

Several analysts have issued reports on MLM shares. BidaskClub raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC set a $166.00 price target on shares of Martin Marietta Materials and gave the stock a “hold” rating in a research report on Monday, August 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $220.57.

In related news, Director John J. Koraleski acquired 500 shares of the stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of $198.37 per share, with a total value of $99,185.00. Following the transaction, the director now directly owns 1,439 shares in the company, valued at $285,454.43. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.45% of the stock is owned by insiders.

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Martin Marietta Materials, Inc. (NYSE MLM) traded down 0.12% during trading on Friday, reaching $199.20. 879,959 shares of the company were exchanged. Martin Marietta Materials, Inc. has a one year low of $167.06 and a one year high of $244.32. The firm’s 50 day moving average price is $207.40 and its 200-day moving average price is $219.07. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 28.67 and a beta of 1.15.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, August 1st. The construction company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.13). Martin Marietta Materials had a return on equity of 10.69% and a net margin of 11.19%. The firm had revenue of $996.30 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business posted $1.90 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities research analysts predict that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.44 per share. This is a boost from Martin Marietta Materials’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, August 31st. Martin Marietta Materials’s payout ratio is presently 25.29%.

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.

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

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