Asset Management One Co. Ltd. Acquires 8,367 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Asset Management One Co. Ltd. increased its position in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,142 shares of the construction company's stock after purchasing an additional 8,367 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of Martin Marietta Materials worth $16,469,000 at the end of the most recent quarter.

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

Martin Marietta Materials Stock Performance

NYSE MLM traded down $12.34 on Wednesday, reaching $521.65. The stock had a trading volume of 403,938 shares, compared to its average volume of 433,895. The firm has a fifty day moving average of $533.74 and a two-hundred day moving average of $548.21. The company has a market cap of $31.88 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 4.61 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. Martin Marietta Materials, Inc. has a 1-year low of $482.72 and a 1-year high of $633.23.

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, beating analysts' consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. On average, equities research analysts anticipate that Martin Marietta Materials, Inc. will post 19.61 EPS for the current year.

Analysts Set New Price Targets

MLM has been the topic of several recent analyst reports. Hsbc Global Res upgraded Martin Marietta Materials from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Stephens lowered their price target on Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Barclays lowered their price target on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. HSBC raised Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price target on the stock in a research report on Wednesday, December 11th. Finally, Loop Capital decreased 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 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.