Atria Wealth Solutions Inc. Has $1.45 Million Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Atria Wealth Solutions Inc. reduced its position in Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 3.4% during the third quarter, Holdings Channel.com reports. The firm owned 3,526 shares of the construction company’s stock after selling 124 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Martin Marietta Materials were worth $1,447,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. MV Capital Management Inc. lifted its holdings in shares of Martin Marietta Materials by 144.4% in the third quarter. MV Capital Management Inc. now owns 66 shares of the construction company’s stock valued at $27,000 after purchasing an additional 39 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Martin Marietta Materials in the third quarter valued at about $30,000. Quarry LP purchased a new position in Martin Marietta Materials during the first quarter worth about $30,000. Halpern Financial Inc. increased its stake in Martin Marietta Materials by 418.8% in the 3rd quarter. Halpern Financial Inc. now owns 83 shares of the construction company’s stock valued at $34,000 after buying an additional 67 shares during the last quarter. Finally, Fairfield Bush & CO. purchased a new position in shares of Martin Marietta Materials in the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 93.22% of the company’s stock.

Martin Marietta Materials Stock Up 0.3 %

Shares of NYSE MLM opened at $527.14 on Monday. The business has a 50-day simple moving average of $496.07 and a two-hundred day simple moving average of $458.30. Martin Marietta Materials, Inc. has a 52 week low of $317.94 and a 52 week 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 quick ratio of 1.60, a current ratio of 2.47 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MLM shares. Stifel Nicolaus raised their target price on Martin Marietta Materials from $510.00 to $598.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Seaport Res Ptn raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 25th. Raymond James increased their target price on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $490.00 to $530.00 in a report on Tuesday, December 12th. Finally, Morgan Stanley initiated coverage on Martin Marietta Materials in a report on Monday, January 8th. They set an “overweight” rating and a $595.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $512.23.

Get Our Latest Analysis on Martin Marietta Materials

Martin Marietta Materials Profile

(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.

Read More

Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials, Inc. (NYSE:MLMFree Report).

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

Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.