Martin Marietta Materials (MLM) Earning Somewhat Positive Press Coverage, Analysis Finds

Media coverage about Martin Marietta Materials (NYSE:MLM) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Martin Marietta Materials earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.3632232317747 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s rankings:

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Shares of NYSE:MLM traded down $5.83 during trading hours on Friday, hitting $202.22. 342,938 shares of the company’s stock traded hands, compared to its average volume of 569,850. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.79 and a quick ratio of 2.93. The firm has a market capitalization of $13,066.17, a PE ratio of 28.16, a price-to-earnings-growth ratio of 2.99 and a beta of 1.13. Martin Marietta Materials has a 1 year low of $191.09 and a 1 year high of $244.32.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.46. The firm had revenue of $911.30 million during the quarter, compared to analyst estimates of $924.30 million. Martin Marietta Materials had a return on equity of 10.55% and a net margin of 17.99%. Martin Marietta Materials’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 earnings per share. equities research analysts expect that Martin Marietta Materials will post 8.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 5th were issued a $0.44 dividend. The ex-dividend date was Friday, March 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.87%. Martin Marietta Materials’s payout ratio is 24.51%.

Several research analysts have issued reports on MLM shares. Barclays started coverage on Martin Marietta Materials in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $227.00 target price for the company. Stephens restated a “hold” rating and set a $250.00 target price on shares of Martin Marietta Materials in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research report on Friday, January 19th. Citigroup boosted their target price on Martin Marietta Materials from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, SunTrust Banks restated a “buy” rating and set a $245.00 target price on shares of Martin Marietta Materials in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Martin Marietta Materials presently has a consensus rating of “Hold” and an average target price of $243.25.

In related news, Director Laree E. Perez sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $214.00, for a total value of $642,000.00. Following the completion of the sale, the director now owns 16,751 shares in the company, valued at $3,584,714. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.45% of the stock is currently owned by insiders.

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About Martin Marietta Materials

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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