Aubrey Capital Management Ltd Makes New $2.79 Million Investment in Martin Marietta Materials, Inc. (NYSE:MLM)

Aubrey Capital Management Ltd bought a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,400 shares of the construction company’s stock, valued at approximately $2,789,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Asset Dedication LLC grew its holdings in Martin Marietta Materials by 1,300.0% in the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after buying an additional 52 shares in the last quarter. First Personal Financial Services bought a new position in Martin Marietta Materials in the 3rd quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Martin Marietta Materials in the 4th quarter worth approximately $41,000. R Squared Ltd bought a new position in Martin Marietta Materials in the 4th quarter worth approximately $41,000. Finally, Larson Financial Group LLC bought a new position in Martin Marietta Materials in the 3rd quarter worth approximately $49,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. BNP Paribas lowered Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. UBS Group initiated coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $730.00 price target for the company. Raymond James decreased their price target on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a research note on Wednesday, December 11th. 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 stock. According to data from MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and a consensus target price of $648.71.

Martin Marietta Materials Price Performance

MLM opened at $538.38 on Monday. The stock has a fifty day moving average of $540.50 and a 200-day moving average of $550.16. The firm has a market capitalization of $32.91 billion, a P/E ratio of 16.78, a PEG ratio of 4.62 and a beta of 0.91. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. 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 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.