A number of other equities analysts have also recently weighed in on the company. TheStreet cut Martin Marietta Materials from a “b” rating to a “c+” rating in a report on Tuesday, May 10th. Morgan Stanley reduced their price target on Martin Marietta Materials from $470.00 to $441.00 and set an “overweight” rating on the stock in a research report on Monday, April 18th. Finally, JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $420.00 to $410.00 in a research report on Friday, June 3rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Buy” and an average price target of $445.80.
Shares of NYSE MLM opened at $316.47 on Wednesday. Martin Marietta Materials has a 52 week low of $312.08 and a 52 week high of $446.46. The business has a 50-day simple moving average of $347.25 and a two-hundred day simple moving average of $380.71. The company has a quick ratio of 1.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.79. The company has a market cap of $19.74 billion, a P/E ratio of 30.08, a P/E/G ratio of 1.42 and a beta of 0.79.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. purchased a new position in Martin Marietta Materials during the first quarter valued at $62,000. Amundi Pioneer Asset Management Inc. grew its holdings in Martin Marietta Materials by 18.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 26,779 shares of the construction company’s stock valued at $5,387,000 after purchasing an additional 4,176 shares during the period. Neuberger Berman Group LLC grew its holdings in Martin Marietta Materials by 1.5% during the third quarter. Neuberger Berman Group LLC now owns 2,631 shares of the construction company’s stock valued at $847,000 after purchasing an additional 39 shares during the period. Balyasny Asset Management LLC bought a new stake in Martin Marietta Materials during the third quarter valued at about $1,848,000. Finally, Man Group plc grew its holdings in Martin Marietta Materials by 313.5% during the third quarter. Man Group plc now owns 48,646 shares of the construction company’s stock valued at $16,621,000 after purchasing an additional 36,882 shares during the period. Institutional investors own 93.49% of the company’s stock.
Martin Marietta Materials Company Profile (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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