Emerald Advisers Inc. PA Invests $522,000 in Martin Marietta Materials, Inc. (MLM) Stock

Emerald Advisers Inc. PA bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,868 shares of the construction company’s stock, valued at approximately $522,000.

Other hedge funds also recently made changes to their positions in the company. Global X Management Co LLC boosted its holdings in Martin Marietta Materials by 4.8% in the second quarter. Global X Management Co LLC now owns 15,519 shares of the construction company’s stock valued at $3,466,000 after acquiring an additional 707 shares during the last quarter. Select Equity Group L.P. boosted its holdings in Martin Marietta Materials by 6.6% in the second quarter. Select Equity Group L.P. now owns 1,937,854 shares of the construction company’s stock valued at $432,781,000 after acquiring an additional 119,936 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Martin Marietta Materials by 14.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,590 shares of the construction company’s stock valued at $1,473,000 after acquiring an additional 839 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in Martin Marietta Materials by 0.7% in the third quarter. Confluence Investment Management LLC now owns 447,331 shares of the construction company’s stock valued at $81,392,000 after acquiring an additional 3,238 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in Martin Marietta Materials by 5.2% in the second quarter. State of Wisconsin Investment Board now owns 60,806 shares of the construction company’s stock valued at $13,580,000 after acquiring an additional 3,033 shares during the last quarter.

MLM has been the topic of a number of research analyst reports. Barclays set a $215.00 price target on Martin Marietta Materials and gave the stock a “hold” rating in a report on Friday, September 28th. Nomura initiated coverage on Martin Marietta Materials in a report on Monday, October 29th. They set a “buy” rating and a $220.00 price target on the stock. ValuEngine upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Bank of America cut their price target on Martin Marietta Materials to $247.00 and set a “buy” rating on the stock in a report on Wednesday, July 25th. Finally, DA Davidson set a $200.00 price target on Martin Marietta Materials and gave the stock a “hold” rating in a report on Thursday, October 11th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $221.67.

In other Martin Marietta Materials news, SVP Donald A. Mccunniff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $204.33, for a total transaction of $459,742.50. Following the transaction, the senior vice president now directly owns 12,649 shares in the company, valued at approximately $2,584,570.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by corporate insiders.

Martin Marietta Materials stock opened at $177.43 on Friday. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. Martin Marietta Materials, Inc. has a 52-week low of $150.75 and a 52-week high of $241.33. The company has a current ratio of 2.05, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; 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.

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Institutional Ownership by Quarter for Martin Marietta Materials (NYSE:MLM)

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