Stephens Inc. AR Trims Stock Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Stephens Inc. AR reduced its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 20.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 32,243 shares of the construction company’s stock after selling 8,376 shares during the quarter. Stephens Inc. AR’s holdings in Martin Marietta Materials were worth $16,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Asset Dedication LLC grew its position in Martin Marietta Materials by 1,300.0% during the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. First Personal Financial Services purchased a new position in shares of Martin Marietta Materials during the third quarter worth about $33,000. Retirement Wealth Solutions LLC purchased a new stake in Martin Marietta Materials during the 4th quarter valued at approximately $41,000. R Squared Ltd acquired a new stake in Martin Marietta Materials during the 4th quarter worth approximately $41,000. Finally, Larson Financial Group LLC acquired a new position in shares of Martin Marietta Materials in the third quarter valued at approximately $49,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $538.38 on Friday. Martin Marietta Materials, Inc. has a 12-month low of $490.05 and a 12-month high of $633.23. The stock has a market cap of $32.91 billion, a P/E ratio of 16.78, a PEG ratio of 4.62 and a beta of 0.91. 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 moving average of $540.50 and a two-hundred day moving average of $550.26.

Wall Street Analyst Weigh In

MLM has been the topic of a number of analyst reports. BNP Paribas lowered shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Citigroup cut 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 report on Monday, January 6th. HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price on the stock in a research report on Wednesday, December 11th. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target on the stock in a research note on Wednesday, January 8th. Finally, UBS Group assumed coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $648.71.

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.