A number of other analysts have also recently weighed in on MLM. Morgan Stanley cut their price objective on shares of Martin Marietta Materials from $470.00 to $441.00 and set an “overweight” rating on the stock in a report on Monday, April 18th. Barclays cut their price objective on shares of Martin Marietta Materials from $485.00 to $450.00 and set an “overweight” rating on the stock in a report on Friday, February 11th. DA Davidson cut their price objective on shares of Martin Marietta Materials from $465.00 to $450.00 in a report on Monday, February 14th. Finally, Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating and set a $396.00 price objective on the stock in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Buy” and an average target price of $439.00.
MLM stock opened at $321.56 on Thursday. The company’s 50 day moving average price is $370.11 and its 200 day moving average price is $393.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.69 and a current ratio of 2.79. Martin Marietta Materials has a fifty-two week low of $319.12 and a fifty-two week high of $446.46. The firm has a market capitalization of $20.05 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.40 and a beta of 0.79.
A number of large investors have recently bought and sold shares of MLM. Marshall Wace North America L.P. purchased a new position in Martin Marietta Materials in the 1st quarter valued at $62,000. Amundi Pioneer Asset Management Inc. grew its position in Martin Marietta Materials by 18.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 26,779 shares of the construction company’s stock valued at $5,387,000 after buying an additional 4,176 shares during the last quarter. Mackenzie Financial Corp grew its position in Martin Marietta Materials by 37.3% in the 3rd quarter. Mackenzie Financial Corp now owns 4,200 shares of the construction company’s stock valued at $1,435,000 after buying an additional 1,142 shares during the last quarter. Ieq Capital LLC purchased a new position in Martin Marietta Materials in the 3rd quarter valued at $207,000. Finally, Commerce Bank grew its position in Martin Marietta Materials by 14.4% in the 3rd quarter. Commerce Bank now owns 2,924 shares of the construction company’s stock valued at $999,000 after buying an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 93.49% of the company’s stock.
About Martin Marietta Materials (Get Rating)
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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