Robertson Stephens Wealth Management LLC Boosts Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Robertson Stephens Wealth Management LLC raised its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 29.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,189 shares of the construction company’s stock after purchasing an additional 268 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Martin Marietta Materials were worth $614,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Inspire Investing LLC increased its position in Martin Marietta Materials by 0.9% during the 3rd quarter. Inspire Investing LLC now owns 2,126 shares of the construction company’s stock valued at $1,144,000 after purchasing an additional 19 shares during the period. Integrated Wealth Concepts LLC increased its position in Martin Marietta Materials by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company’s stock valued at $421,000 after purchasing an additional 19 shares during the period. iA Global Asset Management Inc. increased its position in Martin Marietta Materials by 3.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company’s stock valued at $307,000 after purchasing an additional 20 shares during the period. Brooklyn Investment Group increased its position in Martin Marietta Materials by 4.7% during the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company’s stock valued at $231,000 after purchasing an additional 20 shares during the period. Finally, Financial Counselors Inc. boosted its holdings in shares of Martin Marietta Materials by 1.9% in the 3rd quarter. Financial Counselors Inc. now owns 1,123 shares of the construction company’s stock valued at $604,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MLM. UBS Group began coverage on shares of Martin Marietta Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price target on the stock. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target on the stock in a report on Wednesday, December 11th. StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average target price of $648.71.

Martin Marietta Materials Stock Performance

Shares of NYSE MLM opened at $538.38 on Friday. The company has a 50 day simple moving average of $541.73 and a two-hundred day simple moving average of $550.46. The stock has a market cap of $32.90 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 4.60 and a beta of 0.91. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a 12 month low of $490.05 and a 12 month high of $633.23.

Martin Marietta Materials Profile

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.