98,771 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 98,771 shares of the construction company's stock, valued at approximately $51,015,000. Martin Marietta Materials comprises about 1.6% of Strategic Financial Concepts LLC's holdings, making the stock its 4th largest holding. Strategic Financial Concepts LLC owned 0.16% of Martin Marietta Materials at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Personal Financial Services acquired a new stake in shares of Martin Marietta Materials in the third quarter valued at approximately $33,000. R Squared Ltd bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at about $41,000. Retirement Wealth Solutions LLC bought a new position in Martin Marietta Materials in the 4th quarter valued at about $41,000. Larson Financial Group LLC bought a new stake in shares of Martin Marietta Materials during the 3rd quarter worth about $49,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of Martin Marietta Materials by 60.3% in the fourth quarter. Fortitude Family Office LLC now owns 101 shares of the construction company's stock valued at $52,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James decreased 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. Wolfe Research raised Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 target price on the stock in a report on Wednesday, January 8th. Loop Capital cut their price target on shares of Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Morgan Stanley lowered 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 research note on Tuesday, December 17th. Finally, Truist Financial cut 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 note on Thursday, February 13th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $639.43.

Martin Marietta Materials Stock Down 2.3 %

Shares of MLM traded down $12.34 during trading hours on Wednesday, hitting $521.65. 406,153 shares of the company were exchanged, compared to its average volume of 433,964. The firm's 50 day moving average is $532.38 and its 200-day moving average is $547.79. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials, Inc. has a 52 week low of $482.72 and a 52 week high of $633.23. The company has a market cap of $31.88 billion, a PE ratio of 16.14, a PEG ratio of 4.61 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released 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%. On average, equities research analysts forecast that Martin Marietta Materials, Inc. will post 19.61 EPS for the current fiscal year.

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.