New York State Teachers Retirement System Sells 1,722 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

New York State Teachers Retirement System decreased its stake in Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,067 shares of the construction company's stock after selling 1,722 shares during the period. New York State Teachers Retirement System owned about 0.07% of Martin Marietta Materials worth $23,277,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services bought a new position in shares of Martin Marietta Materials during the 3rd quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Martin Marietta Materials during the 4th quarter valued at $41,000. R Squared Ltd bought a new position in shares of Martin Marietta Materials during the 4th quarter valued at $41,000. Larson Financial Group LLC bought a new position in shares of Martin Marietta Materials during the 3rd quarter valued at $49,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Martin Marietta Materials by 60.3% during the 4th quarter. Fortitude Family Office LLC now owns 101 shares of the construction company's stock valued at $52,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Martin Marietta Materials Trading Down 2.3 %

Shares of NYSE:MLM traded down $12.34 on Wednesday, hitting $521.65. The company had a trading volume of 403,938 shares, compared to its average volume of 433,895. The firm's 50-day simple moving average is $533.74 and its two-hundred day simple moving average is $548.21. Martin Marietta Materials, Inc. has a 1 year low of $482.72 and a 1 year high of $633.23. The company has a quick ratio of 1.40, a current ratio of 2.50 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $31.88 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 4.61 and a beta of 0.91.

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 (EPS) 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%. Equities analysts anticipate that Martin Marietta Materials, Inc. will post 19.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MLM shares. Morgan Stanley reduced their target price on shares of Martin Marietta Materials from $657.00 to $622.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Stephens reduced their target price 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, February 13th. Wolfe Research raised shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price target for the company in a research report on Wednesday, January 8th. Raymond James dropped 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. Finally, Citigroup dropped their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.