Yousif Capital Management LLC Has $3.82 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Yousif Capital Management LLC cut its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,392 shares of the construction company’s stock after selling 261 shares during the quarter. Yousif Capital Management LLC’s holdings in Martin Marietta Materials were worth $3,818,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Principal Financial Group Inc. boosted its position in Martin Marietta Materials by 76.2% during the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock valued at $876,648,000 after purchasing an additional 704,460 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Martin Marietta Materials by 23.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock worth $1,441,663,000 after purchasing an additional 506,705 shares in the last quarter. FMR LLC boosted its holdings in shares of Martin Marietta Materials by 15.3% in the 3rd quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock valued at $1,353,936,000 after buying an additional 334,605 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Martin Marietta Materials by 7,608.2% in the third quarter. Public Sector Pension Investment Board now owns 181,373 shares of the construction company’s stock valued at $97,624,000 after buying an additional 179,020 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in Martin Marietta Materials by 54.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock worth $251,784,000 after buying an additional 164,503 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM opened at $538.38 on Friday. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. The company’s 50 day moving average price is $541.73 and its two-hundred day moving average price is $550.46. The firm has a market cap of $32.90 billion, a PE ratio of 16.78, a PEG ratio of 4.60 and a beta of 0.91. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $515.00 to $640.00 in a research report on Wednesday, November 27th. StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price objective on the stock in a research note on Wednesday, January 8th. Raymond James reduced their target price 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. Finally, Barclays increased their price target on Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. One investment 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, the stock currently has an average rating of “Moderate Buy” and an average 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.