Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 1,619 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Martin Marietta Materials, Inc. (NYSE:MLMFree Report) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,427 shares of the construction company’s stock after purchasing an additional 1,619 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Martin Marietta Materials were worth $5,101,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Spreng Capital Management Inc. raised its position in shares of Martin Marietta Materials by 3.4% during the third quarter. Spreng Capital Management Inc. now owns 752 shares of the construction company’s stock worth $309,000 after acquiring an additional 25 shares during the last quarter. Centaurus Financial Inc. raised its position in shares of Martin Marietta Materials by 9.4% during the first quarter. Centaurus Financial Inc. now owns 336 shares of the construction company’s stock worth $119,000 after purchasing an additional 29 shares during the period. Gilbert & Cook Inc. grew its holdings in shares of Martin Marietta Materials by 2.6% during 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. grew its holdings in shares of Martin Marietta Materials by 0.5% during 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 grew its holdings in shares of Martin Marietta Materials by 17.7% during 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. Institutional investors own 93.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MLM. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $490.00 to $530.00 in a report on Tuesday, December 12th. Stifel Nicolaus raised their price target on Martin Marietta Materials from $510.00 to $598.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. StockNews.com downgraded Martin Marietta Materials from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James raised their price target on Martin Marietta Materials from $505.00 to $555.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley began coverage on Martin Marietta Materials in a research note on Monday, January 8th. They issued an “overweight” rating and a $595.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $512.23.

Read Our Latest Stock Analysis on Martin Marietta Materials

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $527.14 on Monday. The stock has a market cap of $32.58 billion, a P/E ratio of 30.59, a PEG ratio of 1.21 and a beta of 0.94. The stock has a 50 day simple moving average of $496.07 and a 200 day simple moving average of $458.30. The company has a current ratio of 2.47, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. Martin Marietta Materials, Inc. has a 1-year low of $317.94 and a 1-year high of $527.66.

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.

See Also

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

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