Leavell Investment Management Inc. Buys 613 Shares of Martin Marietta Materials, Inc. (NYSE:MLM)

Leavell Investment Management Inc. boosted its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,661 shares of the construction company’s stock after purchasing an additional 613 shares during the period. Leavell Investment Management Inc.’s holdings in Martin Marietta Materials were worth $2,407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC raised its holdings in Martin Marietta Materials by 1,300.0% during the 3rd quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. First Personal Financial Services bought a new position in shares of Martin Marietta Materials during the third quarter valued at about $33,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Martin Marietta Materials during the fourth quarter worth about $41,000. R Squared Ltd bought a new stake in shares of Martin Marietta Materials in the fourth quarter worth about $41,000. Finally, Larson Financial Group LLC purchased a new position in Martin Marietta Materials during the 3rd quarter valued at about $49,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance

MLM opened at $516.72 on Thursday. The firm has a market cap of $31.58 billion, a PE ratio of 16.10, a P/E/G ratio of 4.62 and a beta of 0.91. The stock has a 50-day moving average price of $538.08 and a 200-day moving average price of $549.88. Martin Marietta Materials, Inc. has a 1 year low of $482.72 and a 1 year high of $633.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. Sell-side analysts predict that Martin Marietta Materials, Inc. will post 17.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MLM. BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Citigroup dropped their price target on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, February 8th. Barclays raised their target price on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley cut their target price on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average price target of $648.71.

Martin Marietta Materials Company Profile

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.