Huntington National Bank cut its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 14.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,738 shares of the construction company’s stock after selling 289 shares during the quarter. Huntington National Bank’s holdings in Martin Marietta Materials were worth $400,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MLM. Egerton Capital UK LLP grew its stake in shares of Martin Marietta Materials by 40.6% in the first quarter. Egerton Capital UK LLP now owns 2,204,702 shares of the construction company’s stock valued at $443,542,000 after buying an additional 636,338 shares in the last quarter. Norges Bank bought a new position in shares of Martin Marietta Materials in the fourth quarter valued at $97,355,000. FMR LLC grew its stake in shares of Martin Marietta Materials by 15.5% in the first quarter. FMR LLC now owns 1,700,586 shares of the construction company’s stock valued at $342,123,000 after buying an additional 228,367 shares in the last quarter. Strs Ohio grew its stake in shares of Martin Marietta Materials by 392.1% in the first quarter. Strs Ohio now owns 163,195 shares of the construction company’s stock valued at $32,831,000 after buying an additional 130,033 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in shares of Martin Marietta Materials by 33.7% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 457,498 shares of the construction company’s stock valued at $92,039,000 after buying an additional 115,390 shares in the last quarter.

In other news, Chairman C Howard Nye sold 14,668 shares of Martin Marietta Materials stock in a transaction on Monday, May 6th. The stock was sold at an average price of $220.48, for a total transaction of $3,234,000.64. Following the completion of the sale, the chairman now owns 167,019 shares of the company’s stock, valued at $36,824,349.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laree E. Perez sold 824 shares of Martin Marietta Materials stock in a transaction on Monday, June 10th. The stock was sold at an average price of $231.80, for a total value of $191,003.20. Following the sale, the director now directly owns 14,136 shares of the company’s stock, valued at approximately $3,276,724.80. The disclosure for this sale can be found here. Insiders have sold 18,675 shares of company stock valued at $4,125,869 in the last three months. Insiders own 0.73% of the company’s stock.

Martin Marietta Materials stock traded up $16.01 during mid-day trading on Tuesday, hitting $240.00. 636,431 shares of the company’s stock traded hands, compared to its average volume of 499,297. The company has a 50 day moving average of $225.76. Martin Marietta Materials, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $232.81. The stock has a market capitalization of $14.02 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 1.81.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, April 30th. The construction company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.39. Martin Marietta Materials had a return on equity of 10.82% and a net margin of 11.48%. The company had revenue of $938.96 million during the quarter, compared to the consensus estimate of $881.82 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue was up 17.1% on a year-over-year basis. Equities research analysts forecast that Martin Marietta Materials, Inc. will post 9.27 EPS for the current year.

Several research firms recently weighed in on MLM. Goldman Sachs Group raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and raised their target price for the company from $207.00 to $232.00 in a research note on Thursday, April 11th. Bank of America downgraded Propetro from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. Zacks Investment Research downgraded GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Citigroup raised their price target on Martin Marietta Materials from $239.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, DA Davidson cut their price target on Cloudera to $9.00 and set a “buy” rating for the company in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $218.94.

Martin Marietta Materials Company Profile

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.

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

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