Summit Place Financial Advisors LLC Increases Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Summit Place Financial Advisors LLC increased its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,862 shares of the construction company’s stock after acquiring an additional 23 shares during the quarter. Martin Marietta Materials accounts for 1.7% of Summit Place Financial Advisors LLC’s portfolio, making the stock its 23rd largest position. Summit Place Financial Advisors LLC’s holdings in Martin Marietta Materials were worth $3,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in MLM. Exchange Traded Concepts LLC purchased a new position in shares of Martin Marietta Materials in the 3rd quarter valued at about $209,000. Vontobel Holding Ltd. grew its stake in Martin Marietta Materials by 6.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 810 shares of the construction company’s stock valued at $436,000 after acquiring an additional 49 shares during the last quarter. Global Retirement Partners LLC grew its stake in Martin Marietta Materials by 24.1% in the 3rd quarter. Global Retirement Partners LLC now owns 844 shares of the construction company’s stock valued at $454,000 after acquiring an additional 164 shares during the last quarter. Blue Trust Inc. grew its stake in Martin Marietta Materials by 223.0% in the 3rd quarter. Blue Trust Inc. now owns 646 shares of the construction company’s stock valued at $350,000 after acquiring an additional 446 shares during the last quarter. Finally, OLD National Bancorp IN grew its stake in Martin Marietta Materials by 20.9% in the 3rd quarter. OLD National Bancorp IN now owns 462 shares of the construction company’s stock valued at $249,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

MLM has been the topic of a number of research reports. Barclays lowered 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 research note on Thursday, February 13th. Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Morgan Stanley decreased their price target on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Stephens decreased their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, Truist Financial decreased their price target on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $639.43.

Martin Marietta Materials Trading Up 1.3 %

MLM opened at $534.34 on Wednesday. The firm has a market capitalization of $32.66 billion, a P/E ratio of 16.53, a P/E/G ratio of 4.61 and a beta of 0.91. The firm’s 50 day moving average is $533.74 and its 200-day moving average is $548.21. Martin Marietta Materials, Inc. has a 52-week low of $482.72 and a 52-week high of $633.23. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. Analysts expect that Martin Marietta Materials, Inc. will post 19.61 EPS for the current fiscal year.

Martin Marietta Materials Company 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.