Martin Marietta Materials, Inc. (NYSE:MLM) is Mader & Shannon Wealth Management Inc.’s 10th Largest Position

Mader & Shannon Wealth Management Inc. reduced its position in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,182 shares of the construction company’s stock after selling 318 shares during the period. Martin Marietta Materials accounts for about 3.6% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its 10th largest holding. Mader & Shannon Wealth Management Inc.’s holdings in Martin Marietta Materials were worth $5,776,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MLM. First Personal Financial Services acquired a new position in shares of Martin Marietta Materials during the 3rd quarter worth approximately $33,000. Kestra Investment Management LLC acquired a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $35,000. R Squared Ltd acquired a new position in shares of Martin Marietta Materials during the 4th quarter worth approximately $41,000. Retirement Wealth Solutions LLC acquired a new position in shares of 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 during the 3rd quarter worth approximately $49,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group initiated coverage on Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday. Stephens decreased their price target on Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Citigroup decreased their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Loop Capital decreased their price target on Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average price target of $639.43.

Martin Marietta Materials Stock Down 2.3 %

Martin Marietta Materials stock opened at $521.65 on Thursday. The firm has a market capitalization of $31.88 billion, a P/E ratio of 16.14, a P/E/G ratio of 4.61 and a beta of 0.91. The stock’s fifty day simple moving average is $532.38 and its 200-day simple moving average is $547.79. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. Martin Marietta Materials, Inc. has a twelve month low of $482.72 and a twelve month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. As a group, equities analysts expect that Martin Marietta Materials, Inc. will post 19.61 earnings per share for the current fiscal 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.