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Martin Marietta Materials reported strong earnings, boosting its stock, and announced a dividend.
Martin Marietta Materials reported strong quarterly earnings of $4.79 per share, beating estimates by $0.17.
The company, which supplies construction materials like aggregates and cement, saw its stock rise by 3.7% in the quarter.
Several institutional investors increased their holdings, including Virtu Financial LLC and Sciencast Management LP, while others like Magnetar Financial LLC reduced their stakes.
The company is expected to post earnings of $19.53 per share for the year and also announced a quarterly dividend of $0.79 per share.
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Martin Marietta Materials reportó fuertes ganancias, aumentando su stock, y anunció un dividendo.