Karpas Strategies LLC Has $832,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Karpas Strategies LLC held its stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,740 shares of the construction company’s stock at the end of the second quarter. Karpas Strategies LLC’s holdings in Martin Marietta Materials were worth $832,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. boosted its stake in Martin Marietta Materials by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,200 shares of the construction company’s stock worth $262,000 after buying an additional 7 shares during the period. Trust Co boosted its stake in Martin Marietta Materials by 0.4% in the fourth quarter. Trust Co now owns 2,549 shares of the construction company’s stock worth $565,000 after buying an additional 10 shares during the period. Coldstream Capital Management Inc. boosted its stake in Martin Marietta Materials by 1.6% in the first quarter. Coldstream Capital Management Inc. now owns 1,289 shares of the construction company’s stock worth $281,000 after buying an additional 20 shares during the period. First Personal Financial Services boosted its stake in Martin Marietta Materials by 4.5% in the first quarter. First Personal Financial Services now owns 513 shares of the construction company’s stock worth $112,000 after buying an additional 22 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in Martin Marietta Materials by 0.4% in the first quarter. Mason Street Advisors LLC now owns 8,715 shares of the construction company’s stock worth $1,902,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 96.34% of the company’s stock.

Shares of Martin Marietta Materials, Inc. (NYSE MLM) traded down 0.46% on Thursday, hitting $222.92. The company had a trading volume of 109,981 shares. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 33.64 and a beta of 1.14. Martin Marietta Materials, Inc. has a 1-year low of $167.06 and a 1-year high of $244.32. The company has a 50 day moving average price of $227.05 and a 200 day moving average price of $223.51.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, May 2nd. The construction company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. Martin Marietta Materials had a return on equity of 10.32% and a net margin of 10.91%. The firm had revenue of $791.70 million for the quarter, compared to analysts’ expectations of $729.28 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Martin Marietta Materials, Inc. will post $7.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 1st were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, May 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.75%. Martin Marietta Materials’s payout ratio is 25.42%.

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A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Stephens increased their price objective on Martin Marietta Materials from $246.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 4th. Citigroup Inc. started coverage on Martin Marietta Materials in a research report on Wednesday, March 29th. They set a “buy” rating and a $245.00 price objective on the stock. BidaskClub upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Cleveland Research upgraded Martin Marietta Materials from a “neutral” rating to a “buy” rating in a research report on Friday, March 31st. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Martin Marietta Materials currently has an average rating of “Hold” and a consensus price target of $229.67.

In related news, Chairman C Howard Nye sold 10,258 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $239.16, for a total transaction of $2,453,303.28. Following the sale, the chairman now directly owns 143,038 shares in the company, valued at approximately $34,208,968.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Donald A. Mccunniff sold 1,391 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $240.17, for a total value of $334,076.47. Following the sale, the senior vice president now owns 19,858 shares in the company, valued at $4,769,295.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,121 shares of company stock worth $4,332,440. 1.06% of the stock is currently owned by corporate 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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