State of New Jersey Common Pension Fund D Sells 2,913 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

State of New Jersey Common Pension Fund D reduced its position in Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,098 shares of the construction company’s stock after selling 2,913 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of Martin Marietta Materials worth $13,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Spreng Capital Management Inc. boosted its position in shares of Martin Marietta Materials by 3.4% in the third quarter. Spreng Capital Management Inc. now owns 752 shares of the construction company’s stock worth $309,000 after purchasing an additional 25 shares during the period. Centaurus Financial Inc. lifted its holdings in shares of Martin Marietta Materials by 9.4% in the first quarter. Centaurus Financial Inc. now owns 336 shares of the construction company’s stock worth $119,000 after buying an additional 29 shares in the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of Martin Marietta Materials by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,171 shares of the construction company’s stock worth $541,000 after buying an additional 30 shares in the last quarter. Mitchell Capital Management Co. lifted its holdings in shares of Martin Marietta Materials by 0.5% in the third quarter. Mitchell Capital Management Co. now owns 5,763 shares of the construction company’s stock worth $2,366,000 after buying an additional 30 shares in the last quarter. Finally, Smithfield Trust Co lifted its holdings in shares of Martin Marietta Materials by 17.7% in the second quarter. Smithfield Trust Co now owns 206 shares of the construction company’s stock worth $98,000 after buying an additional 31 shares in the last quarter. 93.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $490.00 to $530.00 in a report on Tuesday, December 12th. Raymond James boosted their target price on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Stifel Nicolaus upped their price target on shares of Martin Marietta Materials from $510.00 to $598.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Morgan Stanley assumed coverage on shares of Martin Marietta Materials in a research note on Monday, January 8th. They set an “overweight” rating and a $595.00 price target on the stock. Finally, Seaport Res Ptn raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $512.23.

View Our Latest Research Report on MLM

Martin Marietta Materials Trading Up 0.3 %

Shares of MLM opened at $527.14 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $317.94 and a twelve month high of $527.66. The company has a market cap of $32.58 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.21 and a beta of 0.94. The company has a current ratio of 2.47, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $496.07 and its 200-day simple moving average is $458.30.

About Martin Marietta Materials

(Free Report)

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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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