Huntington National Bank raised its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,545 shares of the construction company’s stock after buying an additional 144 shares during the period. Huntington National Bank’s holdings in Martin Marietta Materials were worth $723,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Freestone Capital Holdings LLC acquired a new position in shares of Martin Marietta Materials during the third quarter worth approximately $28,000. Sageworth Trust Co acquired a new position in shares of Martin Marietta Materials during the third quarter worth approximately $28,000. Rockbridge Investment Management LCC acquired a new position in shares of Martin Marietta Materials during the third quarter worth approximately $33,000. Smithfield Trust Co. lifted its position in shares of Martin Marietta Materials by 34.1% during the third quarter. Smithfield Trust Co. now owns 173 shares of the construction company’s stock worth $40,000 after purchasing an additional 44 shares in the last quarter. Finally, Endurance Wealth Management Inc. acquired a new position in shares of Martin Marietta Materials during the third quarter worth approximately $41,000. Institutional investors own 93.20% of the company’s stock.
In related news, EVP Roselyn R. Bar sold 10,004 shares of the stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $274.64, for a total transaction of $2,747,498.56. Following the completion of the transaction, the executive vice president now owns 64,120 shares in the company, valued at $17,609,916.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.
Martin Marietta Materials stock opened at $305.03 on Thursday. The stock has a market capitalization of $19.00 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 4.94 and a beta of 0.71. Martin Marietta Materials, Inc. has a twelve month low of $135.08 and a twelve month high of $319.01. The company has a quick ratio of 1.85, a current ratio of 3.27 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $280.85 and a 200-day moving average of $244.24.
Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $4.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.76 by $0.95. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Martin Marietta Materials had a net margin of 14.38% and a return on equity of 12.22%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.96 earnings per share. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 10.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Investors of record on Tuesday, December 1st were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.75%. The ex-dividend date was Monday, November 30th. Martin Marietta Materials’s payout ratio is 23.41%.
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. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; Portland and specialty cement used 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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