Lountzis Asset Management LLC Sells 320 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Lountzis Asset Management LLC reduced its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,654 shares of the construction company’s stock after selling 320 shares during the quarter. Martin Marietta Materials accounts for 1.9% of Lountzis Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. Lountzis Asset Management LLC’s holdings in Martin Marietta Materials were worth $4,470,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Franklin Street Advisors Inc. NC lifted its stake in Martin Marietta Materials by 15.5% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 25,242 shares of the construction company’s stock valued at $13,037,000 after purchasing an additional 3,384 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Martin Marietta Materials by 18.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 8,220 shares of the construction company’s stock worth $4,914,000 after acquiring an additional 1,286 shares during the period. RMR Wealth Builders increased its holdings in shares of Martin Marietta Materials by 431.3% during the 4th quarter. RMR Wealth Builders now owns 2,391 shares of the construction company’s stock worth $1,235,000 after acquiring an additional 1,941 shares during the last quarter. Kovack Advisors Inc. acquired a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $734,000. Finally, Benjamin Edwards Inc. raised its stake in Martin Marietta Materials by 2,448.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,376 shares of the construction company’s stock valued at $741,000 after acquiring an additional 1,322 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 2.3 %

MLM stock opened at $521.65 on Thursday. The stock has a market capitalization of $31.88 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 4.69 and a beta of 0.91. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $532.38 and a 200-day moving average price of $547.79. Martin Marietta Materials, Inc. has a 12 month low of $482.72 and a 12 month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. As a group, equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MLM. Morgan Stanley decreased their price objective on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. UBS Group began coverage on Martin Marietta Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. Raymond James reduced their price target on Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Truist Financial reduced their target price on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $639.43.

Martin Marietta Materials Company 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.