Marks Group Wealth Management Inc Boosts Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Marks Group Wealth Management Inc boosted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812 shares of the construction company’s stock after buying an additional 105 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Martin Marietta Materials were worth $419,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MLM. Asset Dedication LLC raised its stake in shares of 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 acquiring an additional 52 shares in the last quarter. First Personal Financial Services purchased a new position in Martin Marietta Materials during the 3rd quarter worth $33,000. Retirement Wealth Solutions LLC bought a new stake in Martin Marietta Materials during the 4th quarter valued at $41,000. R Squared Ltd purchased a new stake in shares of Martin Marietta Materials in the 4th quarter worth $41,000. Finally, Larson Financial Group LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter worth $49,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MLM. Raymond James decreased their price objective on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Wolfe Research raised shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $515.00 to $640.00 in a report on Wednesday, November 27th. Barclays boosted their price objective on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, UBS Group initiated coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $516.72 on Thursday. Martin Marietta Materials, Inc. has a fifty-two week low of $482.72 and a fifty-two week high of $633.23. The company has a market cap of $31.58 billion, a PE ratio of 16.10, a P/E/G ratio of 4.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The business has a 50-day simple moving average of $538.08 and a two-hundred day simple moving average of $549.88.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. As a group, equities analysts expect that Martin Marietta Materials, Inc. will post 17.57 EPS for the current fiscal year.

Martin Marietta Materials Company Profile

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.