HMS Capital Management LLC Decreases Stock Position in Martin Marietta Materials, Inc. (NYSE:MLM)

HMS Capital Management LLC trimmed its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,029 shares of the construction company’s stock after selling 38 shares during the quarter. HMS Capital Management LLC’s holdings in Martin Marietta Materials were worth $1,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Asset Dedication LLC grew its holdings in Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares during the period. First Personal Financial Services purchased a new position in Martin Marietta Materials during the third quarter worth approximately $33,000. R Squared Ltd purchased a new stake in Martin Marietta Materials in the fourth quarter valued at $41,000. Retirement Wealth Solutions LLC purchased a new stake in Martin Marietta Materials in the fourth quarter valued at $41,000. Finally, Larson Financial Group LLC acquired a new position in Martin Marietta Materials during the 3rd quarter worth about $49,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on MLM. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. Loop Capital raised their price target on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays increased their price objective on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 8th. Finally, Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Martin Marietta Materials presently has an average rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials Trading Down 2.3 %

Shares of NYSE MLM opened at $516.72 on Thursday. The stock has a market cap of $31.58 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 4.62 and a beta of 0.91. Martin Marietta Materials, Inc. has a twelve month low of $482.72 and a twelve month high of $633.23. The company’s fifty day moving average is $538.08 and its 200-day moving average is $549.88. 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 (NYSE:MLM) last released its quarterly earnings data 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 net margin of 30.47% and a return on equity of 12.53%. Equities research analysts predict that Martin Marietta Materials, Inc. will post 17.57 EPS for the current year.

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.