Empowered Funds LLC Has $653,000 Holdings in Martin Marietta Materials, Inc. (NYSE:MLM)

Empowered Funds LLC grew its holdings in Martin Marietta Materials, Inc. (NYSE:MLM) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,264 shares of the construction company’s stock after purchasing an additional 156 shares during the period. Empowered Funds LLC’s holdings in Martin Marietta Materials were worth $653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Martin Marietta Materials by 23.3% in the third quarter. JPMorgan Chase & Co. now owns 2,678,425 shares of the construction company’s stock valued at $1,441,663,000 after buying an additional 506,705 shares in the last quarter. FMR LLC grew its stake in shares of Martin Marietta Materials by 15.3% in the third quarter. FMR LLC now owns 2,515,441 shares of the construction company’s stock valued at $1,353,936,000 after buying an additional 334,605 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Martin Marietta Materials by 76.2% in the third 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. Franklin Resources Inc. grew its stake in shares of Martin Marietta Materials by 1.9% in the third quarter. Franklin Resources Inc. now owns 534,801 shares of the construction company’s stock valued at $295,397,000 after buying an additional 9,908 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Martin Marietta Materials by 54.2% in 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 buying an additional 164,503 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Martin Marietta Materials Stock Up 1.3 %

MLM stock opened at $534.34 on Wednesday. The company has a market cap of $32.66 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. The business has a 50-day simple moving average of $533.74 and a 200 day simple moving average of $548.21. Martin Marietta Materials, Inc. has a 52 week low of $482.72 and a 52 week 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.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and raised their target price for the company from $515.00 to $640.00 in a research note on Wednesday, November 27th. Barclays reduced their price objective on shares of Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. UBS Group initiated coverage on shares of Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 price objective for the company. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective for the company in a research report on Wednesday, December 11th. Finally, StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Saturday, February 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $639.43.

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.