MLM has been the subject of a number of other research reports. Seaport Res Ptn raised shares of Martin Marietta Materials from a neutral rating to a buy rating in a research note on Wednesday, October 25th. Raymond James upped their price objective on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the company an outperform rating in a research note on Thursday, January 25th. Stephens upped their price objective 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. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a neutral rating to an overweight rating and upped their price objective for the company from $490.00 to $530.00 in a research note on Tuesday, December 12th. Finally, Stifel Nicolaus increased their target price on shares of Martin Marietta Materials from $510.00 to $598.00 and gave the stock a buy rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $512.23.
Martin Marietta Materials Price Performance
Hedge Funds Weigh In On Martin Marietta Materials
Several institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new position in Martin Marietta Materials during the fourth quarter worth $26,000. Exchange Traded Concepts LLC acquired a new stake in Martin Marietta Materials in the fourth quarter worth $27,000. Benjamin Edwards Inc. increased its position in Martin Marietta Materials by 78.8% in the fourth quarter. Benjamin Edwards Inc. now owns 59 shares of the construction company’s stock worth $29,000 after buying an additional 26 shares during the period. Oliver Lagore Vanvalin Investment Group increased its position in Martin Marietta Materials by 74.3% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 61 shares of the construction company’s stock worth $30,000 after buying an additional 26 shares during the period. Finally, MV Capital Management Inc. increased its holdings in shares of Martin Marietta Materials by 144.4% during the third quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 39 shares during the period. 93.22% of the stock is currently owned by hedge funds and other institutional investors.
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.
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