Martin Marietta Materials (MLM) Rating Reiterated by Stephens

Stephens restated their hold rating on shares of Martin Marietta Materials (NYSE:MLM) in a research report report published on Friday. Stephens currently has a $233.00 price target on the construction company’s stock.

A number of other equities research analysts have also issued reports on MLM. Alembic Global Advisors reiterated a buy rating on shares of Martin Marietta Materials in a research note on Wednesday, February 14th. SunTrust Banks reiterated a buy rating and issued a $245.00 price target on shares of Martin Marietta Materials in a research note on Tuesday, February 13th. Citigroup increased their price target on Martin Marietta Materials from $245.00 to $265.00 and gave the stock a buy rating in a research note on Thursday, January 25th. Finally, Zacks Investment Research upgraded Martin Marietta Materials from a sell rating to a hold rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Martin Marietta Materials has an average rating of Hold and a consensus target price of $241.13.

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Shares of Martin Marietta Materials stock opened at $199.04 on Friday. Martin Marietta Materials has a one year low of $191.09 and a one year high of $244.32. The firm has a market capitalization of $12,316.92, a P/E ratio of 27.72, a P/E/G ratio of 2.84 and a beta of 1.13. The company has a current ratio of 3.79, a quick ratio of 2.93 and a debt-to-equity ratio of 0.58.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.46. Martin Marietta Materials had a return on equity of 10.55% and a net margin of 17.99%. The business had revenue of $911.30 million during the quarter, compared to analyst estimates of $924.30 million. During the same quarter in the prior year, the business posted $1.55 EPS. Martin Marietta Materials’s revenue for the quarter was up 2.5% compared to the same quarter last year. analysts forecast that Martin Marietta Materials will post 8.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 5th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 0.88%. Martin Marietta Materials’s payout ratio is presently 24.51%.

In other news, Director Sue W. Cole sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $210.06, for a total transaction of $630,180.00. Following the completion of the transaction, the director now owns 24,145 shares in the company, valued at $5,071,898.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.45% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. First Republic Investment Management Inc. grew its position in shares of Martin Marietta Materials by 12.8% during the fourth quarter. First Republic Investment Management Inc. now owns 2,139 shares of the construction company’s stock valued at $473,000 after purchasing an additional 242 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its position in shares of Martin Marietta Materials by 5.1% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 5,380 shares of the construction company’s stock valued at $1,189,000 after purchasing an additional 260 shares in the last quarter. Cetera Advisors LLC grew its position in shares of Martin Marietta Materials by 26.5% during the fourth quarter. Cetera Advisors LLC now owns 1,342 shares of the construction company’s stock valued at $295,000 after purchasing an additional 281 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in shares of Martin Marietta Materials by 27.8% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,358 shares of the construction company’s stock valued at $300,000 after purchasing an additional 295 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in Martin Marietta Materials by 149.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 523 shares of the construction company’s stock worth $116,000 after acquiring an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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About Martin Marietta Materials

Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

Analyst Recommendations for Martin Marietta Materials (NYSE:MLM)

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