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.
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.
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