5,400 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Bought by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,400 shares of the construction company’s stock, valued at approximately $2,789,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Street Advisors Inc. NC raised its holdings in shares of Martin Marietta Materials by 15.5% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock worth $13,037,000 after acquiring an additional 3,384 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Martin Marietta Materials by 18.5% during the third quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock worth $4,914,000 after acquiring an additional 1,286 shares in the last quarter. RMR Wealth Builders raised its holdings in shares of Martin Marietta Materials by 431.3% during the fourth quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock worth $1,235,000 after acquiring an additional 1,941 shares in the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Martin Marietta Materials during the third quarter worth $734,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of Martin Marietta Materials by 2,448.1% during the third quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock worth $741,000 after acquiring an additional 1,322 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Loop Capital raised their target price on Martin Marietta Materials from $600.00 to $680.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and raised their target price for the company from $515.00 to $640.00 in a report on Wednesday, November 27th. Citigroup cut their target price on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley cut their target price on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials Stock Down 1.3 %

MLM stock opened at $538.38 on Monday. Martin Marietta Materials, Inc. has a twelve month low of $490.05 and a twelve month high of $633.23. The company has a market cap of $32.91 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. The business’s 50-day simple moving average is $540.50 and its 200 day simple moving average is $550.16. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

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.