State Board of Administration of Florida Retirement System reduced its position in Martin Marietta Materials, Inc. (NYSE:MLM) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,069 shares of the construction company’s stock after selling 542 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Martin Marietta Materials were worth $12,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services lifted its stake in shares of Martin Marietta Materials by 30.3% in the 4th quarter. First Personal Financial Services now owns 271 shares of the construction company’s stock valued at $47,000 after purchasing an additional 63 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of Martin Marietta Materials by 76.9% in the 4th quarter. Bogart Wealth LLC now owns 230 shares of the construction company’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. First Mercantile Trust Co. lifted its stake in shares of Martin Marietta Materials by 4.8% in the 4th quarter. First Mercantile Trust Co. now owns 2,605 shares of the construction company’s stock valued at $448,000 after purchasing an additional 119 shares in the last quarter. Davidson Investment Advisors lifted its stake in shares of Martin Marietta Materials by 0.8% in the 4th quarter. Davidson Investment Advisors now owns 24,201 shares of the construction company’s stock valued at $4,159,000 after purchasing an additional 200 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Martin Marietta Materials by 3.5% in the 4th quarter. D.A. Davidson & CO. now owns 6,045 shares of the construction company’s stock valued at $1,039,000 after purchasing an additional 204 shares in the last quarter.

Shares of NYSE:MLM traded up $0.31 during mid-day trading on Monday, hitting $184.65. 7,615 shares of the company traded hands, compared to its average volume of 701,123. The company has a market cap of $11.56 billion, a P/E ratio of 25.70, a PEG ratio of 1.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.04 and a current ratio of 1.88. Martin Marietta Materials, Inc. has a 52-week low of $150.75 and a 52-week high of $232.88.

In related news, Director John J. Koraleski bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $174.07 per share, for a total transaction of $174,070.00. Following the acquisition, the director now owns 2,172 shares in the company, valued at approximately $378,080.04. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Several equities research analysts recently commented on MLM shares. Stephens set a $204.00 target price on Martin Marietta Materials and gave the company a “hold” rating in a report on Tuesday, November 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Martin Marietta Materials in a report on Wednesday, December 19th. ValuEngine upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 15th. Bank of America downgraded Martin Marietta Materials from a “buy” rating to a “neutral” rating and dropped their target price for the company from $225.00 to $179.00 in a report on Wednesday, October 17th. Finally, Zacks Investment Research reiterated a “strong sell” rating on shares of Martin Marietta Materials in a report on Monday, December 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $216.55.

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Martin Marietta Materials Company 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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