Analysts are on the Bearish side about Martin Marietta Materials, Inc. (NYSE:MLM) this week.

October 2, 2018 - By olga

Martin Marietta Materials, Inc. (NYSE:MLM) LogoInvestors sentiment increased to 1.16 in 2018 Q2. Its up 0.09, from 1.07 in 2018Q1. It increased, as 29 investors sold Martin Marietta Materials, Inc. shares while 148 reduced holdings. 60 funds opened positions while 145 raised stakes. 60.93 million shares or 1.75% more from 59.88 million shares in 2018Q1 were reported.
Coldstream Cap Mgmt holds 0.03% or 1,345 shares in its portfolio. Southeast Asset Inc invested in 9,572 shares. Chem Natl Bank accumulated 9,309 shares. Fmr Lc has 0.05% invested in Martin Marietta Materials, Inc. (NYSE:MLM). Stephens Ar accumulated 11,515 shares. Winch Advisory Ser Ltd Liability owns 2,069 shares. Alpine Woods Invsts Limited Company accumulated 7,300 shares. Essex Co Ltd Liability accumulated 3,566 shares. Jpmorgan Chase & Co has invested 0.05% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). First National Bank & Trust Of Omaha, Nebraska-based fund reported 25,995 shares. Gratia Capital Ltd Liability Com reported 65,013 shares. Morgan Stanley invested 0.21% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Moreover, Bancshares Of Nova Scotia has 0.01% invested in Martin Marietta Materials, Inc. (NYSE:MLM) for 7,435 shares. Principal Gp reported 2.11 million shares or 0.43% of all its holdings. Goelzer Invest Mgmt accumulated 7,748 shares or 0.2% of the stock.

Since May 9, 2018, it had 2 insider buys, and 5 insider sales for $3.93 million activity. Shares for $1.79 million were sold by Nye C Howard on Wednesday, May 9. 3,000 shares were sold by Quillen Michael J, worth $637,499 on Wednesday, May 9. On Monday, July 30 ZELNAK STEPHEN P JR bought $710,045 worth of Martin Marietta Materials, Inc. (NYSE:MLM) or 3,500 shares. BAR ROSELYN R sold $1.28M worth of stock or 5,998 shares. Shares for $499,332 were bought by KORALESKI JOHN J.

Martin Marietta Materials, Inc. (NYSE:MLM) Ratings Coverage

Among 5 analysts covering Martin Marietta Materials (NYSE:MLM), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Martin Marietta Materials has $26200 highest and $232 lowest target. $244.40’s average target is 32.57% above currents $184.36 stock price. Martin Marietta Materials had 7 analyst reports since April 13, 2018 according to SRatingsIntel. Bank of America maintained Martin Marietta Materials, Inc. (NYSE:MLM) on Wednesday, July 25 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Friday, July 27 with “Buy”. The rating was maintained by Stephens with “Hold” on Friday, April 13. Barclays Capital maintained the shares of MLM in report on Thursday, May 31 with “Equal-Weight” rating. Bank of America upgraded the shares of MLM in report on Wednesday, May 2 to “Buy” rating. Citigroup maintained Martin Marietta Materials, Inc. (NYSE:MLM) on Monday, July 30 with “Buy” rating. Below is a list of Martin Marietta Materials, Inc. (NYSE:MLM) latest ratings and price target changes.

30/07/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $262 New Target: $250 Maintain
27/07/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $256 New Target: $260 Maintain
25/07/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $229 New Target: $247 Maintain
31/05/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $227 New Target: $232 Maintain
15/05/2018 Broker: Citigroup Rating: Buy New Target: $262.0000
02/05/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Old Target: $229 Upgrade
13/04/2018 Broker: Stephens Rating: Hold New Target: $233.0000 Maintain

The stock increased 1.32% or $2.41 during the last trading session, reaching $184.36. About 715,312 shares traded or 9.00% up from the average. Martin Marietta Materials, Inc. (NYSE:MLM) has declined 6.41% since October 2, 2017 and is downtrending. It has underperformed by 22.03% the S&P500.

Martin Marietta Materials, Inc., together with its subsidiaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. The company has market cap of $11.62 billion. The firm mines, processes, and sells granite, limestone, sand, gravel, and other aggregate products for use in the public infrastructure, and nonresidential and residential construction industries, as well as in the agriculture, railroad ballast, chemical, and other applications. It has a 16.14 P/E ratio. It also offers asphalt products, ready mixed concrete, and road paving construction services; and produces Portland and specialty cements for use in infrastructure projects, and nonresidential and residential construction, as well as in the railroad, agricultural, utility, and environmental industries.

Martin Marietta Materials, Inc. (NYSE:MLM) Institutional Positions Chart

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