Entropy Technologies LP Acquires Shares of 4,079 Martin Marietta Materials, Inc. (NYSE:MLM)

Entropy Technologies LP acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,079 shares of the construction company’s stock, valued at approximately $2,107,000.

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

Martin Marietta Materials Stock Performance

Shares of MLM opened at $538.38 on Monday. The firm has a market capitalization of $32.91 billion, a PE ratio of 16.78, a P/E/G ratio of 4.62 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. The firm has a 50-day moving average price of $540.50 and a 200 day moving average price of $550.16. Martin Marietta Materials, Inc. has a 52-week low of $490.05 and a 52-week high of $633.23.

Wall Street Analysts Forecast Growth

MLM has been the topic of a number of recent analyst reports. Loop Capital boosted their price objective on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. StockNews.com downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Citigroup reduced their price objective on 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $648.71.

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.