StockNews.com Lowers Martin Marietta Materials (NYSE:MLM) to Hold

StockNews.com lowered shares of Martin Marietta Materials (NYSE:MLMFree Report) from a buy rating to a hold rating in a report released on Friday morning.

A number of other brokerages have also issued reports on MLM. Stephens boosted their target price on shares of Martin Marietta Materials from $525.00 to $540.00 and gave the company an overweight rating in a research note on Thursday, November 2nd. Stifel Nicolaus upped their price objective on shares of Martin Marietta Materials from $510.00 to $598.00 and gave the company a buy rating in a report on Tuesday, December 19th. Seaport Res Ptn upgraded Martin Marietta Materials from a neutral rating to a buy rating in a research report on Wednesday, October 25th. Morgan Stanley started coverage on Martin Marietta Materials in a report on Monday, January 8th. They issued an overweight rating and a $595.00 price objective on the stock. Finally, Raymond James raised their target price on Martin Marietta Materials from $505.00 to $555.00 and gave the company an outperform rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of Moderate Buy and a consensus target price of $512.23.

Check Out Our Latest Stock Analysis on MLM

Martin Marietta Materials Stock Up 0.3 %

Shares of MLM opened at $527.14 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. Martin Marietta Materials has a 12-month low of $317.94 and a 12-month high of $527.66. The business’s 50 day moving average is $496.07 and its 200 day moving average is $458.30. The company has a market capitalization of $32.58 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.21 and a beta of 0.94.

Hedge Funds Weigh In On Martin Marietta Materials

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Martin Marietta Materials by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,850,912 shares of the construction company’s stock worth $2,636,848,000 after buying an additional 105,535 shares during the period. State Street Corp grew its stake in shares of Martin Marietta Materials by 2.3% in the 2nd quarter. State Street Corp now owns 2,569,976 shares of the construction company’s stock valued at $1,186,532,000 after purchasing an additional 58,864 shares during the period. JPMorgan Chase & Co. grew its position in Martin Marietta Materials by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,042,537 shares of the construction company’s stock worth $838,421,000 after acquiring an additional 181,136 shares during the last quarter. FMR LLC boosted its position in Martin Marietta Materials by 225.3% in the 3rd quarter. FMR LLC now owns 1,833,959 shares of the construction company’s stock valued at $752,803,000 after buying an additional 1,270,116 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Martin Marietta Materials by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,311,439 shares of the construction company’s stock valued at $603,883,000 after purchasing an additional 24,502 shares during the period. 93.22% of the stock is currently owned by institutional investors and hedge funds.

About Martin Marietta Materials

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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.

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Analyst Recommendations for Martin Marietta Materials (NYSE:MLM)

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