Public Employees Retirement System of Ohio Has $14.51 Million Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Public Employees Retirement System of Ohio lowered its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 8.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,636 shares of the construction company’s stock after selling 2,229 shares during the period. Public Employees Retirement System of Ohio’s holdings in Martin Marietta Materials were worth $14,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Assets Advisory LLC acquired a new stake in shares of Martin Marietta Materials in the first quarter valued at approximately $22,265,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Martin Marietta Materials by 25.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,562 shares of the construction company’s stock valued at $4,272,000 after purchasing an additional 1,728 shares in the last quarter. Brevan Howard Capital Management LP increased its holdings in shares of Martin Marietta Materials by 49.7% in the fourth quarter. Brevan Howard Capital Management LP now owns 5,672 shares of the construction company’s stock valued at $2,830,000 after purchasing an additional 1,882 shares in the last quarter. Simplicity Solutions LLC grew its holdings in Martin Marietta Materials by 166.1% during the 4th quarter. Simplicity Solutions LLC now owns 2,725 shares of the construction company’s stock worth $1,360,000 after acquiring an additional 1,701 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Martin Marietta Materials by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,170,166 shares of the construction company’s stock worth $3,577,268,000 after acquiring an additional 69,701 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Up 1.9 %

MLM traded up $11.15 during trading on Tuesday, hitting $588.00. The company had a trading volume of 22,764 shares, compared to its average volume of 433,723. The company has a market capitalization of $36.24 billion, a PE ratio of 17.09, a PEG ratio of 3.01 and a beta of 0.91. Martin Marietta Materials, Inc. has a one year low of $389.90 and a one year high of $626.67. The firm’s 50-day moving average price is $555.26 and its 200 day moving average price is $565.63. The company has a quick ratio of 2.41, a current ratio of 3.16 and a debt-to-equity ratio of 0.44.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.88 by $0.05. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Martin Marietta Materials had a net margin of 31.35% and a return on equity of 14.74%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.16 EPS. As a group, equities analysts expect that Martin Marietta Materials, Inc. will post 22.86 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 3rd were paid a $0.74 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.96 annualized dividend and a yield of 0.50%. Martin Marietta Materials’s payout ratio is currently 8.77%.

Wall Street Analysts Forecast Growth

MLM has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Martin Marietta Materials from $650.00 to $630.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Jefferies Financial Group lifted their target price on shares of Martin Marietta Materials from $660.00 to $665.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. StockNews.com lowered shares of Martin Marietta Materials from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. The Goldman Sachs Group lifted their target price on shares of Martin Marietta Materials from $642.00 to $737.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Citigroup reduced their price target on shares of Martin Marietta Materials from $696.00 to $658.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $628.91.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and 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.