IFP Advisors Inc lessened its stake in Martin Marietta Materials, Inc. (NYSE:MLM) by 64.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 486 shares of the construction company’s stock after selling 867 shares during the quarter. IFP Advisors Inc’s holdings in Martin Marietta Materials were worth $107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highlander Capital Management LLC acquired a new position in shares of Martin Marietta Materials during the 3rd quarter valued at $124,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Martin Marietta Materials during the 3rd quarter valued at $152,000. Westwood Holdings Group Inc. acquired a new position in shares of Martin Marietta Materials during the 2nd quarter valued at $187,000. Numeric Investors LLC acquired a new position in shares of Martin Marietta Materials during the 2nd quarter valued at $200,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Martin Marietta Materials during the 4th quarter valued at $216,000. Institutional investors own 97.80% of the company’s stock.

Martin Marietta Materials, Inc. (MLM) opened at $214.38 on Friday. Martin Marietta Materials, Inc. has a 1-year low of $191.09 and a 1-year high of $244.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 1.50. The company has a market cap of $13,475.93, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10.

Several equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Martin Marietta Materials in a report on Tuesday, December 12th. They set an “equal weight” rating and a $227.00 target price on the stock. DA Davidson restated a “hold” rating and set a $225.00 target price on shares of Martin Marietta Materials in a report on Friday, November 3rd. SunTrust Banks restated a “buy” rating and set a $228.00 target price on shares of Martin Marietta Materials in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Citigroup lifted their target price on shares of Martin Marietta Materials from $245.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $241.13.

WARNING: This piece was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://theolympiareport.com/2018/02/11/martin-marietta-materials-inc-mlm-shares-sold-by-ifp-advisors-inc.html.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.

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

Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.