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

Robertson Stephens Wealth Management LLC lifted its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,189 shares of the construction company’s stock after acquiring an additional 268 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Martin Marietta Materials were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Choreo LLC lifted its stake in shares of Martin Marietta Materials by 56.3% in the 4th quarter. Choreo LLC now owns 3,218 shares of the construction company’s stock valued at $1,676,000 after purchasing an additional 1,159 shares during the period. Nvwm LLC lifted its stake in shares of Martin Marietta Materials by 3.0% in the 4th quarter. Nvwm LLC now owns 1,872 shares of the construction company’s stock valued at $967,000 after purchasing an additional 55 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Martin Marietta Materials by 13.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,938 shares of the construction company’s stock valued at $4,694,000 after purchasing an additional 1,092 shares during the period. Weaver Capital Management LLC raised its position in Martin Marietta Materials by 4.4% during the fourth quarter. Weaver Capital Management LLC now owns 4,427 shares of the construction company’s stock worth $2,287,000 after acquiring an additional 185 shares during the period. Finally, E. Ohman J or Asset Management AB raised its position in Martin Marietta Materials by 10.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 2,750 shares of the construction company’s stock worth $1,420,000 after acquiring an additional 250 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 1.3 %

Shares of MLM opened at $538.38 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. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. The firm has a 50-day moving average price of $541.73 and a 200 day moving average price of $550.46. The firm has a market capitalization of $32.90 billion, a P/E ratio of 16.78, a P/E/G ratio of 4.60 and a beta of 0.91.

Analyst Ratings Changes

MLM has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective for the company in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their target price for the company from $515.00 to $640.00 in a research report on Wednesday, November 27th. Finally, BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $648.71.

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.