Martin Marietta Materials, Inc. $MLM Stock Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,442,945 shares of the construction company’s stock after buying an additional 93,595 shares during the quarter. Vanguard Group Inc. owned 12.34% of Martin Marietta Materials worth $4,691,139,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MLM. Quent Capital LLC acquired a new position in shares of Martin Marietta Materials in the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Martin Marietta Materials in the second quarter valued at about $28,000. Grey Fox Wealth Advisors LLC purchased a new position in Martin Marietta Materials in the third quarter valued at about $33,000. NewSquare Capital LLC increased its position in Martin Marietta Materials by 62.2% in the 2nd quarter. NewSquare Capital LLC now owns 60 shares of the construction company’s stock worth $33,000 after purchasing an additional 23 shares during the last quarter. Finally, Clearstead Trust LLC raised its stake in shares of Martin Marietta Materials by 93.8% during the 2nd quarter. Clearstead Trust LLC now owns 62 shares of the construction company’s stock worth $34,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

MLM has been the subject of several recent research reports. Truist Financial set a $710.00 price target on Martin Marietta Materials in a research note on Thursday, February 12th. Stephens decreased their target price on shares of Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Jefferies Financial Group increased their price target on shares of Martin Marietta Materials from $755.00 to $761.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. B. Riley Financial began coverage on shares of Martin Marietta Materials in a report on Thursday, January 15th. They set a “neutral” rating and a $700.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average price target of $690.69.

Martin Marietta Materials Stock Down 1.8%

Martin Marietta Materials stock opened at $666.58 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.57 and a quick ratio of 2.36. Martin Marietta Materials, Inc. has a fifty-two week low of $441.95 and a fifty-two week high of $710.97. The firm has a fifty day moving average price of $648.84 and a two-hundred day moving average price of $627.72. The firm has a market cap of $40.20 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 2.54 and a beta of 1.16.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the firm posted $4.79 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts forecast that Martin Marietta Materials, Inc. will post 19.53 earnings per share for the current year.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.