Bessemer Group Inc. Increases Stake in Martin Marietta Materials, Inc. (MLM)
Bessemer Group Inc. lifted its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) by 23.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,141 shares of the construction company’s stock after buying an additional 1,180 shares during the period. Bessemer Group Inc.’s holdings in Martin Marietta Materials were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Highlander Capital Management LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth approximately $124,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth approximately $152,000. Westwood Holdings Group Inc. acquired a new stake in shares of Martin Marietta Materials during the 2nd quarter worth approximately $187,000. Numeric Investors LLC acquired a new stake in shares of Martin Marietta Materials during the 2nd quarter worth approximately $200,000. Finally, IFM Investors Pty Ltd acquired a new stake in shares of Martin Marietta Materials during the 4th quarter worth approximately $206,000. Institutional investors and hedge funds own 97.80% of the company’s stock.
A number of analysts have recently weighed in on the company. Barclays assumed coverage on Martin Marietta Materials in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $227.00 price target on the stock. DA Davidson reissued a “hold” rating and issued a $225.00 price objective on shares of Martin Marietta Materials in a report on Friday, November 3rd. SunTrust Banks reissued a “buy” rating and issued a $228.00 price objective on shares of Martin Marietta Materials in a report on Friday, October 27th. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Citigroup increased their price objective on Martin Marietta Materials from $245.00 to $265.00 and gave the stock 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 assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $241.13.
COPYRIGHT VIOLATION NOTICE: “Bessemer Group Inc. Increases Stake in Martin Marietta Materials, Inc. (MLM)” was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/bessemer-group-inc-increases-stake-in-martin-marietta-materials-inc-mlm/1849711.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.
Want to see what other hedge funds are holding MLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Marietta Materials, Inc. (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.