Entropy Technologies LP Makes New $2.11 Million Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

Entropy Technologies LP purchased a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,079 shares of the construction company’s stock, valued at approximately $2,107,000.

A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Martin Marietta Materials by 23.3% in the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after buying an additional 506,705 shares during the last quarter. FMR LLC raised its stake in shares of Martin Marietta Materials by 15.3% in the 3rd quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock valued at $1,353,936,000 after acquiring an additional 334,605 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Martin Marietta Materials by 76.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock worth $876,648,000 after acquiring an additional 704,460 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Martin Marietta Materials by 1.9% during the 3rd quarter. Franklin Resources Inc. now owns 534,801 shares of the construction company’s stock worth $295,397,000 after purchasing an additional 9,908 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its holdings in Martin Marietta Materials by 54.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock valued at $251,784,000 after purchasing an additional 164,503 shares during the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $538.38 on Monday. The firm has a market capitalization of $32.91 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The business’s fifty day moving average price is $540.50 and its 200 day moving average price is $550.16. Martin Marietta Materials, Inc. has a 12 month low of $490.05 and a 12 month high of $633.23.

Analyst Ratings Changes

A number of research firms have commented on MLM. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $515.00 to $640.00 in a research note on Wednesday, November 27th. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. UBS Group started coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $730.00 target price for the company. Raymond James reduced their price target on shares of Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Finally, Loop Capital lifted their price objective on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Martin Marietta Materials currently has an average rating of “Moderate Buy” and an average price target of $648.71.

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.