HMS Capital Management LLC Sells 38 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

HMS Capital Management LLC decreased its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,029 shares of the construction company’s stock after selling 38 shares during the quarter. HMS Capital Management LLC’s holdings in Martin Marietta Materials were worth $1,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MLM. Principal Financial Group Inc. boosted its stake in Martin Marietta Materials by 76.2% during the third quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock worth $876,648,000 after buying an additional 704,460 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Martin Marietta Materials by 23.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock worth $1,441,663,000 after purchasing an additional 506,705 shares during the last quarter. FMR LLC raised its holdings in Martin Marietta Materials by 15.3% during the 3rd quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock worth $1,353,936,000 after purchasing an additional 334,605 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Martin Marietta Materials by 7,608.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 181,373 shares of the construction company’s stock worth $97,624,000 after buying an additional 179,020 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its position in shares of Martin Marietta Materials by 54.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock worth $251,784,000 after buying an additional 164,503 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MLM shares. Raymond James decreased their price objective on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 8th. Barclays increased their price target on Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Citigroup decreased their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, UBS Group assumed coverage on shares of Martin Marietta Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $730.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $648.71.

Martin Marietta Materials Price Performance

Shares of NYSE:MLM opened at $516.72 on Thursday. The business has a 50-day simple moving average of $538.08 and a two-hundred day simple moving average of $549.88. The firm has a market cap of $31.58 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. Martin Marietta Materials, Inc. has a fifty-two week low of $482.72 and a fifty-two week high of $633.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34.

Martin Marietta Materials (NYSE:MLM) last announced 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 return on equity of 12.53% and a net margin of 30.47%. On average, analysts expect that Martin Marietta Materials, Inc. will post 17.57 earnings per share for the current year.

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.