Martin Marietta Materials, Inc. (MLM) Position Raised by Kiwi Wealth Investments Limited Partnership

Kiwi Wealth Investments Limited Partnership increased its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,965 shares of the construction company’s stock after purchasing an additional 1,355 shares during the quarter. Martin Marietta Materials makes up approximately 1.3% of Kiwi Wealth Investments Limited Partnership’s holdings, making the stock its 29th biggest holding. Kiwi Wealth Investments Limited Partnership owned approximately 0.08% of Martin Marietta Materials worth $10,717,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Sun Life Financial INC grew its holdings in Martin Marietta Materials by 6,442.9% during the 2nd quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock worth $102,000 after acquiring an additional 451 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Martin Marietta Materials by 130.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock worth $120,000 after acquiring an additional 305 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Martin Marietta Materials during the 2nd quarter worth about $128,000. Massey Quick Simon & CO. LLC bought a new stake in Martin Marietta Materials during the 3rd quarter worth about $152,000. Finally, Westwood Holdings Group Inc. bought a new stake in Martin Marietta Materials during the 2nd quarter worth about $187,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) traded down $0.31 during midday trading on Wednesday, hitting $212.16. 448,400 shares of the stock traded hands, compared to its average volume of 647,530. The company has a market cap of $13,355.77, a price-to-earnings ratio of 30.97, a PEG ratio of 2.22 and a beta of 1.14. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. Martin Marietta Materials, Inc. has a one year low of $191.09 and a one year high of $244.32.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The business had revenue of $1.02 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $2.49 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. equities research analysts expect that Martin Marietta Materials, Inc. will post 6.92 EPS for the current year.

A number of brokerages have commented on MLM. DA Davidson reissued a “hold” rating and set a $225.00 price objective on shares of Martin Marietta Materials in a report on Friday, November 3rd. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Monday, September 4th. BidaskClub lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Citigroup Inc. reaffirmed a “buy” rating and issued a $260.00 target price (down previously from $270.00) on shares of Martin Marietta Materials in a research note on Monday, October 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $240.00 target price on shares of Martin Marietta Materials in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Martin Marietta Materials presently has a consensus rating of “Hold” and an average price target of $242.43.

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In other news, Director John J. Koraleski acquired 500 shares of Martin Marietta Materials stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of $198.37 per share, with a total value of $99,185.00. Following the purchase, the director now directly owns 1,439 shares of the company’s stock, valued at $285,454.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.45% of the stock is owned by company insiders.

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

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