Martin Marietta Materials (NYSE:MLM) Cut to “Hold” at StockNews.com

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.

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.

Check Out Our Latest Report on Martin Marietta Materials

Martin Marietta Materials Price Performance

NYSE:MLM opened at $532.30 on Friday. The firm has a market cap of $32.90 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 1.21 and a beta of 0.94. The company has a current ratio of 2.47, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average is $496.07 and its two-hundred day moving average is $458.30. Martin Marietta Materials has a 12-month low of $317.94 and a 12-month high of $541.81.

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

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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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