Congress Asset Management Co. Grows Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Congress Asset Management Co. raised its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 254,116 shares of the construction company's stock after purchasing an additional 938 shares during the period. Congress Asset Management Co. owned 0.42% of Martin Marietta Materials worth $131,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MLM. First Personal Financial Services bought a new position in shares of Martin Marietta Materials during the third quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $41,000. R Squared Ltd bought a new stake in shares of Martin Marietta Materials during the fourth quarter valued at approximately $41,000. Larson Financial Group LLC bought a new stake in shares of Martin Marietta Materials during the third quarter valued at approximately $49,000. Finally, Fortitude Family Office LLC increased its position in shares of Martin Marietta Materials by 60.3% during 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 own 95.04% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MLM. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a "neutral" rating to an "overweight" rating and raised their price target for the company from $515.00 to $640.00 in a research report on Wednesday, November 27th. Stephens reduced their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Raymond James reduced their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Barclays dropped their target price on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com cut shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Saturday, February 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of "Moderate Buy" and an average target price of $639.43.

Martin Marietta Materials Stock Performance

Shares of Martin Marietta Materials stock traded down $12.34 on Wednesday, hitting $521.65. 403,938 shares of the company's stock were exchanged, compared to its average volume of 433,895. The company has a 50-day simple moving average of $533.74 and a 200-day simple moving average of $548.21. The stock has a market capitalization 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, Inc. has a 1 year low of $482.72 and a 1 year high of $633.23. 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 (NYSE:MLM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.61 EPS for the current year.

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.