Vanguard Group Inc. Has $4.69 Billion Holdings in Martin Marietta Materials, Inc. $MLM

Vanguard Group Inc. grew its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,442,945 shares of the construction company’s stock after purchasing an additional 93,595 shares during the period. Vanguard Group Inc. owned about 0.12% of Martin Marietta Materials worth $4,691,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of Martin Marietta Materials in the third quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Martin Marietta Materials during the second quarter valued at about $28,000. NewSquare Capital LLC raised its holdings in Martin Marietta Materials by 62.2% in the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock valued at $33,000 after acquiring an additional 23 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Martin Marietta Materials in the 3rd quarter worth approximately $33,000. Finally, Clearstead Trust LLC lifted its position in shares of Martin Marietta Materials by 93.8% in the 2nd quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock worth $34,000 after acquiring an additional 30 shares during the period. Institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MLM shares. Stifel Nicolaus upped their target price on Martin Marietta Materials from $637.00 to $681.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. UBS Group boosted their price target 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. B. Riley Financial initiated coverage on shares of Martin Marietta Materials in a report on Thursday, January 15th. They set a “neutral” rating and a $700.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and set a $706.00 target price on shares of Martin Marietta Materials in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Martin Marietta Materials from $670.00 to $700.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $690.69.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock opened at $666.58 on Wednesday. The stock has a market capitalization of $40.20 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 2.54 and a beta of 1.16. The firm’s 50-day moving average price is $648.84 and its two-hundred day moving average price is $627.72. The company has a current ratio of 3.57, a quick ratio of 2.36 and a debt-to-equity ratio of 0.53. Martin Marietta Materials, Inc. has a 1-year low of $441.95 and a 1-year high of $710.97.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing the consensus estimate of $4.81 by ($0.19). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.66 billion. Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.79 earnings per share. On average, equities analysts predict that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials 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.