Goelzer Investment Management Inc. Invests $211,000 in Martin Marietta Materials, Inc. (MLM) Stock

Goelzer Investment Management Inc. bought a new stake in Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 955 shares of the construction company’s stock, valued at approximately $211,000.

Other hedge funds have also bought and sold shares of the company. Highlander Capital Management LLC purchased a new position in shares of Martin Marietta Materials in the third quarter valued at $124,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Martin Marietta Materials in the fourth quarter valued at $155,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Martin Marietta Materials in the third quarter valued at $152,000. Westwood Holdings Group Inc. purchased a new position in shares of Martin Marietta Materials in the second quarter valued at $187,000. Finally, Numeric Investors LLC purchased a new position in shares of Martin Marietta Materials in the second quarter valued at $200,000. 97.80% of the stock is owned by hedge funds and other institutional investors.

Martin Marietta Materials, Inc. (NYSE:MLM) opened at $214.38 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73. The company has a market cap of $13,101.19, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.10. Martin Marietta Materials, Inc. has a one year low of $191.09 and a one year high of $244.32.

A number of research firms recently weighed in on MLM. Barclays began coverage on shares of Martin Marietta Materials in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $227.00 target price for the company. DA Davidson reissued a “hold” rating and issued a $225.00 target price on shares of Martin Marietta Materials in a report on Friday, November 3rd. SunTrust Banks reissued a “buy” rating and issued a $228.00 target price on shares of Martin Marietta Materials in a report on Friday, October 27th. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Citigroup raised 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Martin Marietta Materials currently has an average rating of “Hold” and a consensus target price of $241.13.

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About Martin Marietta Materials

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.

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

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