Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by Trust Point Inc.

Trust Point Inc. lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 27.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 846 shares of the construction company’s stock after acquiring an additional 181 shares during the period. Trust Point Inc.’s holdings in Martin Marietta Materials were worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Franklin Street Advisors Inc. NC increased its position in shares of Martin Marietta Materials by 15.5% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock valued at $13,037,000 after acquiring an additional 3,384 shares during the period. Sanctuary Advisors LLC increased its position in shares of Martin Marietta Materials by 18.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock valued at $4,914,000 after acquiring an additional 1,286 shares during the period. RMR Wealth Builders increased its position in shares of Martin Marietta Materials by 431.3% in the 4th quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock valued at $1,235,000 after acquiring an additional 1,941 shares during the period. Kovack Advisors Inc. acquired a new position in shares of Martin Marietta Materials in the 3rd quarter valued at $734,000. Finally, Benjamin Edwards Inc. increased its position in shares of Martin Marietta Materials by 2,448.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,322 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on MLM. Barclays increased their price target on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. UBS Group began coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 price target on the stock. Loop Capital increased their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target on the stock in a research report on Wednesday, December 11th. Finally, Citigroup cut their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $648.71.

Martin Marietta Materials Trading Up 0.4 %

Shares of Martin Marietta Materials stock opened at $539.41 on Thursday. The firm has a market capitalization of $32.97 billion, a PE ratio of 16.81, a P/E/G ratio of 4.60 and a beta of 0.91. Martin Marietta Materials, Inc. has a twelve month low of $490.05 and a twelve month high of $633.23. The firm’s 50-day moving average price is $542.75 and its 200 day moving average price is $550.50. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

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.