Trust Point Inc. Acquires 181 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Trust Point Inc. grew its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 27.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 846 shares of the construction company’s stock after buying an additional 181 shares during the quarter. Trust Point Inc.’s holdings in Martin Marietta Materials were worth $437,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Franklin Street Advisors Inc. NC grew its stake 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 valued at $13,037,000 after buying an additional 3,384 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Martin Marietta Materials by 18.5% in the third quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock valued at $4,914,000 after purchasing an additional 1,286 shares during the period. RMR Wealth Builders boosted its holdings in shares of Martin Marietta Materials by 431.3% in the fourth quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock valued at $1,235,000 after purchasing an additional 1,941 shares during the period. Kovack Advisors Inc. purchased a new stake in shares of Martin Marietta Materials in the third quarter valued at approximately $734,000. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Martin Marietta Materials by 2,448.1% in the third quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,322 shares during the period. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $539.41 on Thursday. 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 moving average price of $542.75 and a 200-day moving average price of $550.50. 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 $32.97 billion, a PE ratio of 16.81, a P/E/G ratio of 4.60 and a beta of 0.91.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group lowered their price target on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Morgan Stanley lowered their price target on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Barclays boosted their price target on Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a report on Wednesday, January 8th. Finally, HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price for the company in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus 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.