Martin Marietta Materials, Inc. (NYSE:MLM) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC reduced its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,519 shares of the construction company’s stock after selling 29 shares during the quarter. Apollon Wealth Management LLC’s holdings in Martin Marietta Materials were worth $1,301,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MLM. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Martin Marietta Materials by 2.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,759 shares of the construction company’s stock worth $3,491,000 after acquiring an additional 157 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Martin Marietta Materials during the 4th quarter valued at about $51,015,000. GHP Investment Advisors Inc. grew its position in Martin Marietta Materials by 4.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 17,300 shares of the construction company’s stock worth $8,935,000 after purchasing an additional 789 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its stake in shares of Martin Marietta Materials by 29.1% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,189 shares of the construction company’s stock valued at $614,000 after purchasing an additional 268 shares during the period. Finally, Choreo LLC raised its holdings in shares of Martin Marietta Materials by 56.3% during the fourth quarter. Choreo LLC now owns 3,218 shares of the construction company’s stock valued at $1,676,000 after buying an additional 1,159 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MLM has been the subject of a number of recent analyst reports. Raymond James decreased their price objective on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Hsbc Global Res upgraded Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. UBS Group began coverage on Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 price target on the stock. Loop Capital upped their price objective on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $648.71.

Martin Marietta Materials Price Performance

NYSE MLM opened at $530.94 on Tuesday. Martin Marietta Materials, Inc. has a 1 year low of $490.05 and a 1 year high of $633.23. The business’s fifty day moving average is $540.50 and its two-hundred day moving average is $550.24. The stock has a market capitalization of $32.45 billion, a P/E ratio of 16.55, a P/E/G ratio of 4.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34.

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.