Little House Capital LLC Takes $643,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Little House Capital LLC acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,244 shares of the construction company's stock, valued at approximately $643,000.

A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Martin Marietta Materials by 23.3% in the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company's stock worth $1,441,663,000 after buying an additional 506,705 shares during the last quarter. FMR LLC raised its stake in Martin Marietta Materials by 15.3% in the 3rd quarter. FMR LLC now owns 2,515,441 shares of the construction company's stock worth $1,353,936,000 after acquiring an additional 334,605 shares during the last quarter. Principal Financial Group Inc. lifted its position in Martin Marietta Materials by 76.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company's stock worth $876,648,000 after acquiring an additional 704,460 shares during the period. Franklin Resources Inc. increased its holdings in shares of Martin Marietta Materials by 1.9% in the third quarter. Franklin Resources Inc. now owns 534,801 shares of the construction company's stock valued at $295,397,000 after purchasing an additional 9,908 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Martin Marietta Materials by 54.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company's stock worth $251,784,000 after purchasing 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 Price Performance

NYSE:MLM traded down $12.34 during trading hours on Wednesday, reaching $521.65. 406,153 shares of the company were exchanged, compared to its average volume of 433,964. 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 market cap of $31.88 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 4.61 and a beta of 0.91. Martin Marietta Materials, Inc. has a twelve month low of $482.72 and a twelve month high of $633.23. The stock's 50-day moving average is $532.38 and its 200-day moving average is $547.79.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on MLM. Truist Financial decreased their price objective on shares of Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Raymond James lowered their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Wolfe Research upgraded Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective for the company in a research note on Wednesday, January 8th. Stephens decreased their price objective on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Finally, Loop Capital dropped their target price on Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $639.43.

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.