Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC lessened its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,251 shares of the construction company’s stock after selling 39 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Martin Marietta Materials were worth $1,163,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MLM. JPMorgan Chase & Co. raised its holdings in Martin Marietta Materials by 23.3% in the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after acquiring an additional 506,705 shares in the last quarter. FMR LLC raised its holdings in Martin Marietta Materials by 15.3% in the third quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock valued at $1,353,936,000 after acquiring an additional 334,605 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Martin Marietta Materials by 76.2% in the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock valued at $876,648,000 after acquiring an additional 704,460 shares in the last quarter. Franklin Resources Inc. raised its holdings in Martin Marietta Materials by 1.9% in the third quarter. Franklin Resources Inc. now owns 534,801 shares of the construction company’s stock valued at $295,397,000 after acquiring an additional 9,908 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in Martin Marietta Materials by 54.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock valued at $251,784,000 after acquiring an additional 164,503 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $527.47 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market cap of $32.24 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. The company’s 50 day simple moving average is $535.77 and its 200-day simple moving average is $549.52. Martin Marietta Materials, Inc. has a 12-month low of $482.72 and a 12-month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. As a group, equities analysts predict that Martin Marietta Materials, Inc. will post 17.57 EPS for the current year.

Analyst Upgrades and Downgrades

MLM has been the topic of several analyst reports. Loop Capital reduced their target price on shares of Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a report on Thursday. Wolfe Research raised shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 target price on the stock in a report on Wednesday, January 8th. Morgan Stanley cut their price objective on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Citigroup cut their price objective on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Barclays cut their price objective on shares of Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $639.43.

About Martin Marietta Materials

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.