Aberdeen Group plc Sells 3,673 Shares of Martin Marietta Materials, Inc. $MLM

Aberdeen Group plc decreased its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,779 shares of the construction company’s stock after selling 3,673 shares during the period. Aberdeen Group plc’s holdings in Martin Marietta Materials were worth $16,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in shares of Martin Marietta Materials by 6.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 794 shares of the construction company’s stock worth $379,000 after purchasing an additional 49 shares in the last quarter. Empowered Funds LLC raised its stake in Martin Marietta Materials by 11.4% during the 1st quarter. Empowered Funds LLC now owns 1,408 shares of the construction company’s stock worth $673,000 after buying an additional 144 shares during the period. Sivia Capital Partners LLC raised its stake in Martin Marietta Materials by 11.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 510 shares of the construction company’s stock worth $280,000 after buying an additional 51 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Martin Marietta Materials by 10.1% in the second quarter. Chicago Partners Investment Group LLC now owns 467 shares of the construction company’s stock worth $269,000 after acquiring an additional 43 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in Martin Marietta Materials by 12.6% in the second quarter. Whittier Trust Co. now owns 18,678 shares of the construction company’s stock valued at $10,253,000 after acquiring an additional 2,085 shares during the period. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MLM shares. Stifel Nicolaus increased their target price on Martin Marietta Materials from $637.00 to $681.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. UBS Group lifted their price objective on shares of Martin Marietta Materials from $705.00 to $723.00 and gave the company a “buy” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Martin Marietta Materials in a research report on Thursday, January 22nd. Loop Capital downgraded Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective for the company. in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group upped their target price on shares of Martin Marietta Materials from $755.00 to $761.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $690.69.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $662.29 on Thursday. The company has a market capitalization of $39.94 billion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16. The company’s 50-day moving average is $649.62 and its 200 day moving average is $627.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.36 and a current ratio of 3.57. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $710.97.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 11th. The construction company reported $4.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $4.79 EPS. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.