Sapient Capital LLC Increases Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Sapient Capital LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 3.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,014 shares of the construction company’s stock after acquiring an additional 1,135 shares during the period. Sapient Capital LLC’s holdings in Martin Marietta Materials were worth $15,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Asset Dedication LLC raised its holdings in shares of Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares in the last quarter. First Personal Financial Services purchased a new position in Martin Marietta Materials during the 3rd quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new position in Martin Marietta Materials in the 4th quarter worth $41,000. R Squared Ltd purchased a new stake in shares of Martin Marietta Materials in the 4th quarter worth about $41,000. Finally, Larson Financial Group LLC purchased a new position in shares of Martin Marietta Materials during the third quarter valued at about $49,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 1.4 %

Martin Marietta Materials stock opened at $530.94 on Tuesday. The firm 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 company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a 12 month low of $490.05 and a 12 month high of $633.23. The stock has a fifty day simple moving average of $540.50 and a two-hundred day simple moving average of $550.24.

Analysts Set New Price Targets

Several analysts have commented on MLM shares. BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group initiated coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 price objective for the company. Loop Capital upped their target price on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley lowered their price target on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $648.71.

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.