Martin Marietta Materials (NYSE:MLM) Price Target Lowered to $650.00 at Stephens

Martin Marietta Materials (NYSE:MLM - Free Report) had its price target trimmed by Stephens from $675.00 to $650.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the construction company's stock.

Other research analysts also recently issued research reports about the stock. BNP Paribas downgraded shares of Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. UBS Group assumed coverage on shares of Martin Marietta Materials in a report on Thursday, November 7th. They issued a "buy" rating and a $730.00 target price on the stock. Raymond James lowered their price target on shares of Martin Marietta Materials from $640.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, January 16th. Truist Financial dropped their price target on Martin Marietta Materials from $670.00 to $610.00 and set a "buy" rating for the company in a research report on Thursday. Finally, HSBC upgraded Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 price objective on the stock in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $639.43.

Martin Marietta Materials Price Performance

Shares of NYSE MLM traded down $4.19 during mid-day trading on Thursday, reaching $527.47. The company's stock had a trading volume of 687,816 shares, compared to its average volume of 340,987. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. Martin Marietta Materials has a 52 week low of $482.72 and a 52 week high of $633.23. The stock has a fifty day moving average of $534.69 and a two-hundred day moving average of $548.62. The firm has a market capitalization of $32.24 billion, a PE 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 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 return on equity of 12.53% and a net margin of 30.47%. As a group, sell-side analysts anticipate that Martin Marietta Materials will post 17.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its position in shares of Martin Marietta Materials by 7.0% during the third quarter. CWM LLC now owns 1,749 shares of the construction company's stock valued at $942,000 after buying an additional 114 shares during the last quarter. Ritholtz Wealth Management grew its position in Martin Marietta Materials by 67.0% during the 3rd quarter. Ritholtz Wealth Management now owns 765 shares of the construction company's stock worth $412,000 after purchasing an additional 307 shares during the period. Exchange Traded Concepts LLC purchased a new position in Martin Marietta Materials during the third quarter valued at approximately $209,000. Swedbank AB raised its position in shares of Martin Marietta Materials by 326.4% in the third quarter. Swedbank AB now owns 3,492 shares of the construction company's stock worth $1,880,000 after acquiring an additional 2,673 shares during the period. Finally, Asset Dedication LLC grew its holdings in Martin Marietta Materials by 1,300.0% in the third 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. Hedge funds and other institutional investors own 95.04% of the company's stock.

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.