SG Americas Securities LLC, Nordea Investment Management AB, and Envestnet Portfolio Solutions Inc. among others, have increased their positions in Martin Marietta Materials, Inc. (MLM), while TimesSquare Capital Management LLC and FDx Advisors Inc have reduced their holdings. The company's stock has shown some volatility, indicated by alternating performances against the broader market. Investment firms have bestowed a \"Moderate Buy\" consensus rating on the stock. The company's recent sales figures have increased but it missed earnings estimates. A lowered share price target from Citigroup has seen the value pinned at $658.00, followed by a similar adjustment by Stifel Nicolaus to $630.00. An upcoming quarterly earnings report is expected to reveal further financial performance data. Several reports hint at internal skepticism within the company, with insiders selling off a significant $20m worth of shares. MLM's initiation to a record full-year revenue and profitability has been applauded and despite some stock falls, earnings projections for 2024 suggest an optimistic future. Amid some speculation, dips in the MLM shares are positioned as an opportunity and possible investor entry point.
Martin Marietta Materials MLM News Analytics from Tue, 05 Sep 2023 07:00:00 GMT to Sun, 14 Jul 2024 13:39:24 GMT -
