<div id="readability-page-1"><p>Bank of Nova Scotia increased its position in  Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 212.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,931 shares of the construction company's stock after acquiring an additional 13,546 shares during the quarter. Bank of Nova Scotia's holdings in Martin Marietta Materials were worth $10,941,000 at the end of the most recent quarter.</p><ul><li>3 Stocks Helping Build Tomorrow's Data Centers</li></ul><p>A number of other institutional investors and hedge funds have also bought and sold shares of MLM. Atika Capital Management LLC lifted its holdings in shares of  Martin Marietta Materials by 30.4% in the 2nd quarter. Atika Capital Management LLC now owns 72,533 shares of the construction company's stock worth $39,818,000 after acquiring an additional 16,900 shares during the last quarter.  TD Waterhouse Canada Inc. raised its position in  Martin Marietta Materials by 31.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 5,365 shares of the construction company's stock worth $2,988,000 after purchasing an additional 1,287 shares during the period.  Tableaux LLC bought a new stake in  Martin Marietta Materials in the second quarter worth $5,060,000.  Fenimore Asset Management Inc boosted its position in  Martin Marietta Materials by 6.0% during the second quarter. Fenimore Asset Management Inc now owns 88,850 shares of the construction company's stock valued at $48,775,000 after buying an additional 5,010 shares during the period.  Finally, Franklin Resources Inc. boosted its position in  Martin Marietta Materials by 0.4% during the second quarter. Franklin Resources Inc. now owns 527,968 shares of the construction company's stock valued at $289,833,000 after buying an additional 2,285 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors. </p><h2>Analysts Set New Price Targets</h2><p>A number of equities research analysts have recently weighed in on the company. Raymond James Financial boosted their target price on Martin Marietta Materials from $645.00 to $680.00 and gave the company an &#34;outperform&#34; rating in a research note on Tuesday, October 21st. UBS Group boosted their price objective on Martin Marietta Materials from $705.00 to $723.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, November 7th. DA Davidson  set a $690.00 price objective on Martin Marietta Materials in a research note on Thursday, November 6th. Wells Fargo &amp; Company decreased their target price on shares of Martin Marietta Materials from $620.00 to $610.00 and set an &#34;equal weight&#34; rating on the stock in a research note on Thursday, November 6th. Finally, Stifel Nicolaus increased their price target on shares of Martin Marietta Materials from $637.00 to $681.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, November 11th. One equities research analyst  has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned  a Hold rating to the company. Based on data from MarketBeat, Martin Marietta Materials currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $645.00.</p><ul><li>3 Construction Stocks Set to Surge on Tariff-Driven Demand</li></ul><p><b>View Our Latest Stock Analysis on MLM</b></p><h2>Martin Marietta Materials Trading Up 1.9%</h2><p>NYSE MLM opened at $623.36 on Thursday. The stock's 50 day moving average is $619.11 and its 200 day moving average is $595.38. The company has a quick ratio of 2.07, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $37.59 billion, a PE ratio of 32.86 and a beta of 1.16. Martin Marietta Materials, Inc. has a twelve month low of $441.95 and a twelve month high of $665.18. </p><ul><li>Eagle Materials Stock is Dipping, Results Say Not for Long</li></ul><p>Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its earnings results on Tuesday, November 4th. The construction company reported $5.97 EPS for the quarter, missing analysts' consensus estimates of $6.62 by ($0.65). Martin Marietta Materials had a net margin of 17.34% and a return on equity of 11.68%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $2.06 billion.  Research analysts forecast that  Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year. </p><h2>Martin Marietta Materials Announces Dividend</h2><p>The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Martin Marietta Materials's dividend payout ratio (DPR) is 17.50%. </p><h2>Martin Marietta Materials Company Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Martin Marietta Materials</li><li>Why Are These Companies Considered Blue Chips?</li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>How to Invest in the Best Canadian Stocks </li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>What Does a Stock Split Mean? </li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1MTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1MTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Martin Marietta Materials Right Now?</h2><p>Before you consider Martin Marietta Materials, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Martin Marietta Materials wasn't on the list.</p><p>While Martin Marietta Materials currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bank of Nova Scotia increased its stake in Martin Marietta Materials by 212.2% in Q2, acquiring 13,546 additional shares, now holding 19,931 shares valued at $10.94 million. Other institutional investors also increased their holdings. Analysts have set new price targets, with a consensus rating of 'Moderate Buy' and a target price of $645. Martin Marietta's stock is trading at $623.36, with a market cap of $37.59 billion. The company announced a quarterly dividend of $0.83 per share, payable on December 31st.</p>

Bank of Nova Scotia Purchases 13,546 Shares of Martin Marietta Materials, Inc. $MLM