News stories about Martin Marietta Materials (NYSE:MLM) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Martin Marietta Materials earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.2289190813103 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Martin Marietta Materials (MLM) traded up $3.01 during trading on Thursday, hitting $229.64. 385,504 shares of the stock traded hands, compared to its average volume of 629,082. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. Martin Marietta Materials has a 1 year low of $191.09 and a 1 year high of $244.32. The company has a market capitalization of $14,440.00, a P/E ratio of 33.48, a PEG ratio of 1.92 and a beta of 1.12.
Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The company had revenue of $1.02 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $2.49 EPS. The business’s revenue was down 1.5% on a year-over-year basis. research analysts expect that Martin Marietta Materials will post 6.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 1st were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, November 30th. Martin Marietta Materials’s dividend payout ratio (DPR) is 25.66%.
MLM has been the subject of several recent research reports. SunTrust Banks reiterated a “buy” rating and issued a $228.00 price target on shares of Martin Marietta Materials in a research report on Friday, October 27th. Bank of America dropped their price target on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th. Jefferies Group reiterated a “buy” rating and issued a $240.00 price target on shares of Martin Marietta Materials in a research report on Wednesday, October 11th. 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 research report on Monday, October 9th. Finally, Barclays initiated coverage on Martin Marietta Materials in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $227.00 price target for the company. One equities 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. The company presently has an average rating of “Hold” and a consensus target price of $240.50.
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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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