Sapient Capital LLC Raises Stake in Martin Marietta Materials, Inc. (NYSE:MLM)

Sapient Capital LLC boosted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,014 shares of the construction company’s stock after buying an additional 1,135 shares during the quarter. Sapient Capital LLC’s holdings in Martin Marietta Materials were worth $15,502,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MLM. Asset Dedication LLC raised its holdings in shares of 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 purchasing an additional 52 shares during the period. First Personal Financial Services purchased a new stake in Martin Marietta Materials in the third quarter worth $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Martin Marietta Materials in the fourth quarter valued at $41,000. R Squared Ltd purchased a new position in shares of Martin Marietta Materials during the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC purchased a new position in shares of Martin Marietta Materials during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

MLM has been the topic of a number of research reports. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Citigroup dropped 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. UBS Group started coverage on shares of Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. Barclays raised their price target on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, BNP Paribas lowered Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials Price Performance

Shares of Martin Marietta Materials stock opened at $530.94 on Tuesday. The stock has a market capitalization of $32.45 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. Martin Marietta Materials, Inc. has a one year low of $490.05 and a one year high of $633.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. The business’s 50 day simple moving average is $540.50 and its two-hundred day simple moving average is $550.24.

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.