Chevy Chase Trust Holdings LLC Trims Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Chevy Chase Trust Holdings LLC decreased its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,318 shares of the construction company’s stock after selling 694 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Martin Marietta Materials worth $17,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Personal Financial Services purchased a new position in shares of Martin Marietta Materials during the third quarter valued at $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Martin Marietta Materials during the fourth quarter valued at $41,000. R Squared Ltd purchased a new position in shares of Martin Marietta Materials during the fourth quarter valued at $41,000. Larson Financial Group LLC purchased a new position in shares of Martin Marietta Materials during the third quarter valued at $49,000. Finally, Fortitude Family Office LLC increased its stake in shares of Martin Marietta Materials by 60.3% during the fourth quarter. Fortitude Family Office LLC now owns 101 shares of the construction company’s stock valued at $52,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $527.47 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The company has a market cap of $32.24 billion, a PE ratio of 16.44, a P/E/G ratio of 4.62 and a beta of 0.91. The business has a 50-day simple moving average of $534.69 and a two-hundred day simple moving average of $548.93. Martin Marietta Materials, Inc. has a fifty-two week low of $482.72 and a fifty-two week high of $633.23.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping 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%. As a group, equities analysts expect that Martin Marietta Materials, Inc. will post 17.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MLM. Loop Capital cut their price target on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a research note on Thursday. Stephens cut their price target on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday. Barclays cut their target price on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $515.00 to $640.00 in a research note on Wednesday, November 27th. Finally, Raymond James cut their target price on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research note on Thursday. One equities 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.