Martin Marietta Materials (NYSE:MLM - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a report issued on Saturday.
MLM has been the subject of a number of other research reports. Citigroup reduced their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Loop Capital raised their target price on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. BNP Paribas downgraded shares of Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Wolfe Research upgraded shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective for the company in a research note on Wednesday, January 8th. Finally, HSBC upgraded shares of Martin Marietta Materials from a "hold" rating to a "buy" rating and set a $690.00 target price on the stock in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Martin Marietta Materials presently has an average rating of "Moderate Buy" and a consensus target price of $648.71.
View Our Latest Analysis on Martin Marietta Materials
Shares of MLM opened at $538.38 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The company has a 50-day simple moving average of $541.73 and a 200-day simple moving average of $550.46. Martin Marietta Materials has a 52 week low of $490.05 and a 52 week high of $633.23. The firm has a market capitalization of $32.90 billion, a P/E ratio of 16.78, a P/E/G ratio of 4.60 and a beta of 0.91.
Institutional investors have recently bought and sold shares of the business. Asset Dedication LLC increased its stake in shares of Martin Marietta Materials by 1,300.0% in the third quarter. Asset Dedication LLC now owns 56 shares of the construction company's stock valued at $30,000 after buying an additional 52 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at about $32,000. First Personal Financial Services bought a new position in shares of Martin Marietta Materials in the third quarter worth about $33,000. Kestra Investment Management LLC bought a new position in shares of Martin Marietta Materials in the fourth quarter worth about $35,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Martin Marietta Materials during the fourth quarter worth approximately $41,000. Institutional investors own 95.04% of the company's stock.
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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