Martin Marietta Materials, Inc. (NYSE:MLM) Shares Purchased by Choreo LLC

Choreo LLC boosted its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 56.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,218 shares of the construction company’s stock after acquiring an additional 1,159 shares during the period. Choreo LLC’s holdings in Martin Marietta Materials were worth $1,676,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Franklin Street Advisors Inc. NC boosted its stake in shares of Martin Marietta Materials by 15.5% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock worth $13,037,000 after purchasing an additional 3,384 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Martin Marietta Materials by 18.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock worth $4,914,000 after purchasing an additional 1,286 shares during the last quarter. RMR Wealth Builders boosted its stake in shares of Martin Marietta Materials by 431.3% during the 4th quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock worth $1,235,000 after purchasing an additional 1,941 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth about $734,000. Finally, Benjamin Edwards Inc. boosted its stake in shares of Martin Marietta Materials by 2,448.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,322 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Martin Marietta Materials Trading Down 1.3 %

NYSE MLM opened at $538.38 on Friday. Martin Marietta Materials, Inc. has a one year low of $490.05 and a one year high of $633.23. The company’s 50 day moving average price is $541.73 and its 200 day moving average price is $550.46. 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 firm has a market capitalization of $32.90 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 4.60 and a beta of 0.91.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. 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. Citigroup decreased their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Barclays increased their price objective on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a report on Wednesday, December 11th. Finally, Morgan Stanley cut their price objective on shares of 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 research analyst has rated the stock with a sell rating, one has given 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, Martin Marietta Materials presently has an average rating of “Moderate Buy” and a consensus price target 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.