Leavell Investment Management Inc. Has $2.41 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Leavell Investment Management Inc. lifted its holdings in shares of Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,661 shares of the construction company's stock after purchasing an additional 613 shares during the quarter. Leavell Investment Management Inc.'s holdings in Martin Marietta Materials were worth $2,407,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its stake in Martin Marietta Materials by 7.0% during the 3rd quarter. CWM LLC now owns 1,749 shares of the construction company's stock worth $942,000 after purchasing an additional 114 shares in the last quarter. Ritholtz Wealth Management lifted its position in Martin Marietta Materials by 67.0% in the 3rd quarter. Ritholtz Wealth Management now owns 765 shares of the construction company's stock valued at $412,000 after acquiring an additional 307 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Martin Marietta Materials in the 3rd quarter worth $209,000. Swedbank AB increased its holdings in Martin Marietta Materials by 326.4% during the 3rd quarter. Swedbank AB now owns 3,492 shares of the construction company's stock worth $1,880,000 after purchasing an additional 2,673 shares in the last quarter. Finally, Asset Dedication LLC raised its stake in shares of Martin Marietta Materials by 1,300.0% in the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company's stock valued at $30,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Stock Performance

MLM stock traded down $4.19 during trading hours on Friday, hitting $527.47. 687,816 shares of the stock were exchanged, compared to its average volume of 340,987. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $534.69 and a two-hundred day simple moving average of $548.62. Martin Marietta Materials, Inc. has a 12 month low of $482.72 and a 12 month high of $633.23. The firm has a market capitalization of $32.24 billion, a P/E ratio of 16.44, a P/E/G ratio of 4.62 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. On average, analysts forecast that Martin Marietta Materials, Inc. will post 17.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MLM. StockNews.com cut Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Saturday, February 8th. Loop Capital reduced their price target on Martin Marietta Materials from $680.00 to $645.00 and set a "buy" rating for the company in a research report on Thursday. Stephens lowered their price objective on shares of Martin Marietta Materials from $675.00 to $650.00 and set an "overweight" rating on the stock in a report on Thursday. BNP Paribas cut shares of Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, Morgan Stanley lowered their price target 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. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $639.43.

About Martin Marietta Materials

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.