Martin Marietta Materials, Inc. (NYSE:MLM) Stock Position Lowered by Schear Investment Advisers LLC

Schear Investment Advisers LLC trimmed its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.4% during the 4th quarter, HoldingsChannel reports. The firm owned 2,908 shares of the construction company’s stock after selling 70 shares during the quarter. Schear Investment Advisers LLC’s holdings in Martin Marietta Materials were worth $1,502,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MLM. CWM LLC raised its position in Martin Marietta Materials by 7.0% during the third quarter. CWM LLC now owns 1,749 shares of the construction company’s stock valued at $942,000 after buying an additional 114 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Martin Marietta Materials by 247.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 368 shares of the construction company’s stock valued at $198,000 after acquiring an additional 262 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Martin Marietta Materials by 67.0% in the 3rd quarter. Ritholtz Wealth Management now owns 765 shares of the construction company’s stock valued at $412,000 after purchasing an additional 307 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Martin Marietta Materials in the third quarter worth approximately $209,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Martin Marietta Materials by 19.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 733 shares of the construction company’s stock worth $394,000 after purchasing an additional 118 shares during the period. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

MLM stock opened at $530.33 on Wednesday. Martin Marietta Materials, Inc. has a 1-year low of $490.05 and a 1-year high of $633.23. 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 $32.41 billion, a PE ratio of 16.53, a P/E/G ratio of 4.62 and a beta of 0.91. The business’s 50-day moving average price is $539.25 and its two-hundred day moving average price is $550.13.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. 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. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price objective for the company in a report on Wednesday, January 8th. HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a research note on Wednesday, December 11th. Loop Capital raised their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, BNP Paribas lowered Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Martin Marietta Materials has an average rating of “Moderate Buy” and an average target price of $648.71.

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.