Martin Marietta Materials stock is trading -17.74% below its average target price of $631.94 after dropping -4.3% during today's afternoon session. Analysts are giving the Large-Cap Mining & Quarrying of Nonmetallic Minerals (No Fuels) company an average rating of buy and target prices ranging from $543.0 to $715.0 per share.
Martin Marietta Materials's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.1%. The stock's short ratio is 2.17. The company's insiders own 0.7% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 99.9%. In conclusion, we believe there is mixed market sentiment regarding Martin Marietta Materials.
Institutions Invested in Martin Marietta Materials
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 12% | 7,162,919 | $3,723,500,306 |
| 2024-06-30 | Blackrock Inc. | 7% | 4,140,926 | $2,152,577,633 |
| 2024-06-30 | T. Rowe Price Investment Management, Inc. | 5% | 2,829,321 | $1,470,765,983 |
| 2024-06-30 | State Street Corporation | 4% | 2,751,271 | $1,430,193,250 |
| 2024-06-30 | Aristotle Capital Management, LLC | 4% | 2,659,838 | $1,382,663,632 |
| 2024-06-30 | Baillie Gifford and Company | 4% | 2,205,320 | $1,146,391,533 |
| 2024-06-30 | FMR, LLC | 4% | 2,180,836 | $1,133,664,015 |
| 2024-06-30 | JP Morgan Chase & Company | 4% | 2,171,720 | $1,128,925,244 |
| 2024-06-30 | Select Equity Group, Inc. | 3% | 2,096,559 | $1,089,854,300 |
| 2024-06-30 | Bank of America Corporation | 3% | 1,655,394 | $860,523,491 |
