Marks Group Wealth Management Inc Grows Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Leavell Investment Management Inc. grew its position in shares of Martin Marietta Materials by 15.1% during the fourth quarter. Leavell Investment Management Inc. now owns 4,661 shares of the construction company’s stock worth $2,407,000 after purchasing an additional 613 shares in the last quarter. Sapient Capital LLC grew its holdings in Martin Marietta Materials by 3.9% during the 4th quarter. Sapient Capital LLC now owns 30,014 shares of the construction company’s stock valued at $15,502,000 after buying an additional 1,135 shares in the last quarter. Aubrey Capital Management Ltd bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $2,789,000. Wealthstar Advisors LLC purchased a new position in shares of Martin Marietta Materials in the fourth quarter worth $253,000. Finally, Entropy Technologies LP purchased a new position in shares of Martin Marietta Materials in the fourth quarter worth $2,107,000. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Trading Down 2.3 %

Shares of MLM opened at $516.72 on Thursday. The company’s fifty day simple moving average is $538.08 and its 200-day simple moving average is $549.88. The company has a market cap of $31.58 billion, a P/E ratio of 16.10, a P/E/G ratio of 4.62 and a beta of 0.91. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a twelve month low of $482.72 and a twelve month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share 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, analysts expect that Martin Marietta Materials, Inc. will post 17.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MLM. Wolfe Research raised shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 target price for the company in a research note on Wednesday, January 8th. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a research report on Wednesday, December 11th. UBS Group started coverage on Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 price target for the company. Finally, Morgan Stanley decreased their price objective on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $648.71.

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.