1,244 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Acquired by Little House Capital LLC

Little House Capital LLC bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,244 shares of the construction company’s stock, valued at approximately $643,000.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Martin Marietta Materials by 76.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock valued at $876,648,000 after buying an additional 704,460 shares in the last quarter. JPMorgan Chase & Co. raised its position in Martin Marietta Materials by 23.3% during the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after purchasing an additional 506,705 shares in the last quarter. FMR LLC lifted its stake in Martin Marietta Materials by 15.3% during the third quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock worth $1,353,936,000 after purchasing an additional 334,605 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Martin Marietta Materials by 7,608.2% during the third quarter. Public Sector Pension Investment Board now owns 181,373 shares of the construction company’s stock worth $97,624,000 after purchasing an additional 179,020 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Martin Marietta Materials by 54.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock worth $251,784,000 after purchasing an additional 164,503 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

Martin Marietta Materials Trading Down 0.8 %

MLM opened at $527.47 on Friday. Martin Marietta Materials, Inc. has a one year low of $482.72 and a one year high of $633.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The business has a 50 day simple moving average of $534.69 and a two-hundred day simple moving average of $548.93. The firm has a market capitalization of $32.24 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 4.62 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. Analysts predict that Martin Marietta Materials, Inc. will post 17.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MLM shares. StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, February 8th. Wolfe Research upgraded shares of 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. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. upgraded shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $515.00 to $640.00 in a research report on Wednesday, November 27th. Finally, HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has assigned 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.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and an average price target of $639.43.

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.