Stephens reissued their hold rating on shares of Martin Marietta Materials (NYSE:MLM) in a research note issued to investors on Wednesday, January 3rd. The firm currently has a $250.00 price target on the construction company’s stock.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Martin Marietta Materials from a sell rating to a hold rating in a report on Tuesday, September 12th. Citigroup reiterated a buy rating and issued a $260.00 price target (down previously from $270.00) on shares of Martin Marietta Materials in a report on Monday, October 9th. Jefferies Group reiterated a buy rating and issued a $240.00 price target on shares of Martin Marietta Materials in a report on Wednesday, October 11th. Bank of America decreased their price target on Martin Marietta Materials from $233.00 to $229.00 and set a neutral rating on the stock in a report on Thursday, October 19th. Finally, 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. One research analyst has rated the stock with a sell rating, five have given 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 price target of $240.50.
Shares of Martin Marietta Materials (NYSE MLM) opened at $226.98 on Wednesday. The stock has a market capitalization of $14,246.49, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12. The company has a current ratio of 2.73, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Martin Marietta Materials has a 12-month low of $191.09 and a 12-month high of $244.32.
Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.06). The firm had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.07 billion. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 earnings per share. equities analysts forecast that Martin Marietta Materials will post 6.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, November 30th. Martin Marietta Materials’s dividend payout ratio (DPR) is 25.66%.
Several large investors have recently bought and sold shares of MLM. Sun Life Financial INC boosted its stake in Martin Marietta Materials by 6,442.9% in the 2nd quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock valued at $102,000 after purchasing an additional 451 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Martin Marietta Materials by 130.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock valued at $120,000 after purchasing an additional 305 shares during the period. Highlander Capital Management LLC bought a new stake in Martin Marietta Materials in the 3rd quarter valued at $124,000. Massey Quick Simon & CO. LLC bought a new stake in Martin Marietta Materials in the 3rd quarter valued at $152,000. Finally, Westwood Holdings Group Inc. bought a new stake in Martin Marietta Materials in the 2nd quarter valued at $187,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
Martin Marietta Materials Company 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.
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