Robeco Institutional Asset Management B.V. Reduces Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Robeco Institutional Asset Management B.V. trimmed its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 96.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,202 shares of the construction company's stock after selling 37,996 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Martin Marietta Materials were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its stake in Martin Marietta Materials by 411.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company's stock valued at $25,000 after acquiring an additional 37 shares during the period. Asset Dedication LLC lifted its position in Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company's stock valued at $30,000 after purchasing an additional 52 shares during the period. Fortitude Family Office LLC boosted its holdings in Martin Marietta Materials by 186.4% in the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company's stock valued at $34,000 after purchasing an additional 41 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in Martin Marietta Materials during the 1st quarter worth about $41,000. Finally, Rothschild Investment LLC purchased a new position in shares of Martin Marietta Materials during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Price Performance

Shares of NYSE MLM traded down $3.53 during midday trading on Monday, hitting $616.05. The stock had a trading volume of 373,172 shares, compared to its average volume of 447,966. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a 1 year low of $451.37 and a 1 year high of $633.23. The company has a market capitalization of $37.65 billion, a PE ratio of 19.28, a P/E/G ratio of 4.14 and a beta of 0.90. The stock has a 50 day simple moving average of $549.06 and a 200-day simple moving average of $556.31.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing analysts' consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the business posted $6.94 EPS. The company's revenue for the quarter was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Martin Marietta Materials, Inc. will post 17.84 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 2nd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 0.51%. Martin Marietta Materials's dividend payout ratio is presently 9.85%.

Analysts Set New Price Targets

MLM has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Martin Marietta Materials from $610.00 to $657.00 and gave the stock an "overweight" rating in a research note on Monday, August 26th. Citigroup dropped their price objective on shares of Martin Marietta Materials from $658.00 to $646.00 and set a "buy" rating on the stock in a research note on Monday, August 12th. Stephens decreased their target price on shares of Martin Marietta Materials from $650.00 to $610.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Loop Capital increased their price target on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group cut their price objective on shares of Martin Marietta Materials from $650.00 to $635.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $634.85.

About Martin Marietta Materials

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.