Little House Capital LLC Takes $643,000 Position in Martin Marietta Materials, Inc. (NYSE:MLM)

Little House Capital LLC purchased a new position in Martin Marietta Materials, Inc. (NYSE:MLM) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,244 shares of the construction company’s stock, valued at approximately $643,000.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Martin Marietta Materials by 76.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,628,701 shares of the construction company’s stock valued at $876,648,000 after buying an additional 704,460 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Martin Marietta Materials by 23.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after acquiring an additional 506,705 shares during the period. FMR LLC boosted its stake in Martin Marietta Materials by 15.3% during the third quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock worth $1,353,936,000 after acquiring an additional 334,605 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Martin Marietta Materials by 7,608.2% in the third quarter. Public Sector Pension Investment Board now owns 181,373 shares of the construction company’s stock worth $97,624,000 after purchasing an additional 179,020 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Martin Marietta Materials by 54.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 467,782 shares of the construction company’s stock valued at $251,784,000 after purchasing an additional 164,503 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Down 0.8 %

Shares of Martin Marietta Materials stock opened at $527.47 on Friday. Martin Marietta Materials, Inc. has a twelve month low of $482.72 and a twelve month high of $633.23. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $534.69 and its 200 day moving average is $548.93. The company has a market cap of $32.24 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target on the stock in a research report on Wednesday, December 11th. Morgan Stanley dropped their target price on Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. upgraded Martin Marietta Materials from a “neutral” rating to an “overweight” rating and raised their price target for the company from $515.00 to $640.00 in a report on Wednesday, November 27th. UBS Group began coverage on Martin Marietta Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price target for the company. Finally, Barclays cut their price objective on shares of Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $639.43.

Martin Marietta Materials 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.