StockNews.com Downgrades Martin Marietta Materials (NYSE:MLM) to Sell

StockNews.com downgraded shares of Martin Marietta Materials (NYSE:MLM) from a hold rating to a sell rating in a research report released on Saturday morning.

Other analysts have also recently issued reports about the company. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Morgan Stanley dropped their price target on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Loop Capital lifted their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays lifted their price target on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials Stock Performance

MLM opened at $530.94 on Friday. Martin Marietta Materials has a 12-month low of $490.05 and a 12-month high of $633.23. The stock has a market cap of $32.45 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 4.62 and a beta of 0.91. The business has a 50 day moving average of $540.50 and a 200-day moving average of $550.24. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On Martin Marietta Materials

Several hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Investing LLC increased its stake in shares of Martin Marietta Materials by 0.9% in 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 last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Martin Marietta Materials by 2.5% in 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 last quarter. Checchi Capital Advisers LLC increased its stake in shares of Martin Marietta Materials by 1.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company’s stock valued at $690,000 after purchasing an additional 19 shares during the last quarter. iA Global Asset Management Inc. increased its stake in shares of Martin Marietta Materials by 3.6% in 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 last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Martin Marietta Materials by 4.7% in 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 last quarter. Institutional investors own 95.04% of the company’s stock.

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.