Martin Marietta Materials (NYSE:MLM) Downgraded to Sell Rating by StockNews.com

Martin Marietta Materials (NYSE:MLM) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Several other equities research analysts have also recently issued reports on MLM. Truist Financial lowered their target price on shares of Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Stephens lowered their target price on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Barclays lowered their target price on shares of Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Morgan Stanley lowered 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. Finally, Loop Capital lowered their target price on shares of Martin Marietta Materials from $680.00 to $645.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $639.43.

Martin Marietta Materials Price Performance

Martin Marietta Materials stock opened at $521.65 on Thursday. The company’s fifty day moving average price is $532.38 and its 200 day moving average price is $547.79. Martin Marietta Materials has a 1 year low of $482.72 and a 1 year high of $633.23. The stock has a market capitalization of $31.88 billion, a P/E ratio of 16.14, a P/E/G ratio of 4.61 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. As a group, equities research analysts anticipate that Martin Marietta Materials will post 19.61 earnings per share for the current fiscal year.

Institutional Trading of Martin Marietta Materials

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank raised its holdings in Martin Marietta Materials by 53.1% in the 4th quarter. Toronto Dominion Bank now owns 34,708 shares of the construction company’s stock valued at $17,926,000 after buying an additional 12,040 shares during the period. GTS Securities LLC raised its holdings in Martin Marietta Materials by 129.4% in the 4th quarter. GTS Securities LLC now owns 560 shares of the construction company’s stock valued at $289,000 after buying an additional 2,466 shares during the period. Vise Technologies Inc. purchased a new stake in Martin Marietta Materials in the 4th quarter valued at about $235,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Martin Marietta Materials by 12.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 315,901 shares of the construction company’s stock valued at $163,163,000 after buying an additional 36,040 shares during the period. Finally, Waverly Advisors LLC raised its holdings in Martin Marietta Materials by 78.9% in the 4th quarter. Waverly Advisors LLC now owns 1,041 shares of the construction company’s stock valued at $538,000 after buying an additional 459 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

About Martin Marietta Materials

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.