Headlands Technologies LLC Purchases New Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Headlands Technologies LLC acquired a new position in shares of Martin Marietta Materials, Inc. (NYSE:MLMFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 337 shares of the construction company’s stock, valued at approximately $138,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Spreng Capital Management Inc. lifted its stake 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 valued at $309,000 after buying an additional 25 shares during the period. Centaurus Financial Inc. increased its position in 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 last quarter. Gilbert & Cook Inc. increased its position in 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 purchasing an additional 30 shares during the last quarter. Mitchell Capital Management Co. increased its position in 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 purchasing an additional 30 shares during the last quarter. Finally, Smithfield Trust Co increased its position in 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 purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 93.22% of the company’s stock.

Martin Marietta Materials Trading Up 0.3 %

NYSE MLM opened at $527.14 on Monday. Martin Marietta Materials, Inc. has a 12 month low of $317.94 and a 12 month high of $527.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.47 and a quick ratio of 1.60. The company has a market capitalization of $32.58 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.21 and a beta of 0.94. The company’s fifty day moving average price is $496.07 and its two-hundred day moving average price is $458.30.

Wall Street Analyst Weigh In

MLM has been the subject of several research analyst reports. Stephens upped their price target on shares of Martin Marietta Materials from $525.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. 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. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $490.00 to $530.00 in a research report on Tuesday, December 12th. Raymond James upped their price target on shares of Martin Marietta Materials from $505.00 to $555.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Morgan Stanley initiated coverage on shares of Martin Marietta Materials in a research report on Monday, January 8th. They issued an “overweight” rating and a $595.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $512.23.

Get Our Latest Analysis on Martin Marietta Materials

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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