Martin Marietta Materials, Inc. (NYSE:MLM) has received an average rating of “Hold” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $229.67.

MLM has been the topic of a number of research reports. Cleveland Research raised Martin Marietta Materials from a “neutral” rating to a “buy” rating in a research note on Friday, March 31st. Citigroup Inc. assumed coverage on Martin Marietta Materials in a research note on Wednesday, March 29th. They set a “buy” rating and a $245.00 price target on the stock. Stifel Nicolaus boosted their price objective on Martin Marietta Materials from $258.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Stephens boosted their price objective on Martin Marietta Materials from $246.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, May 4th. Finally, Zacks Investment Research lowered Martin Marietta Materials from a “buy” rating to a “hold” rating in a report on Friday.

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Shares of Martin Marietta Materials (NYSE:MLM) traded down 1.44% during midday trading on Tuesday, hitting $220.55. The company’s stock had a trading volume of 171,577 shares. The company has a market cap of $13.85 billion, a P/E ratio of 33.29 and a beta of 1.14. Martin Marietta Materials has a 1-year low of $167.06 and a 1-year high of $244.32. The company has a 50-day moving average price of $229.22 and a 200 day moving average price of $223.50.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, May 2nd. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Martin Marietta Materials had a return on equity of 10.32% and a net margin of 10.91%. The business had revenue of $791.70 million for the quarter, compared to the consensus estimate of $729.28 million. During the same period in the prior year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Martin Marietta Materials will post $7.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 1st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, May 30th. Martin Marietta Materials’s dividend payout ratio is presently 25.42%.

In related news, CFO Anne H. Lloyd sold 6,472 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $238.73, for a total value of $1,545,060.56. Following the transaction, the chief financial officer now owns 69,941 shares in the company, valued at $16,697,014.93. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Donald A. Mccunniff sold 1,391 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $240.17, for a total value of $334,076.47. Following the completion of the transaction, the senior vice president now owns 19,858 shares in the company, valued at approximately $4,769,295.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,121 shares of company stock valued at $4,332,440. 1.06% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of MLM. Nisa Investment Advisors LLC increased its stake in Martin Marietta Materials by 259.7% in the second quarter. Nisa Investment Advisors LLC now owns 13,850 shares of the construction company’s stock valued at $3,087,000 after buying an additional 10,000 shares in the last quarter. LS Investment Advisors LLC increased its stake in Martin Marietta Materials by 4.2% in the second quarter. LS Investment Advisors LLC now owns 2,338 shares of the construction company’s stock valued at $520,000 after buying an additional 95 shares in the last quarter. Marathon Asset Management LLP increased its stake in Martin Marietta Materials by 124.0% in the second quarter. Marathon Asset Management LLP now owns 76,094 shares of the construction company’s stock valued at $16,937,000 after buying an additional 42,116 shares in the last quarter. Vigilant Capital Management LLC increased its stake in Martin Marietta Materials by 2.5% in the second quarter. Vigilant Capital Management LLC now owns 41,767 shares of the construction company’s stock valued at $9,296,000 after buying an additional 1,020 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Martin Marietta Materials by 536.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 10,239 shares of the construction company’s stock valued at $2,279,000 after buying an additional 8,631 shares in the last quarter. Hedge funds and other institutional investors own 96.34% of the company’s stock.

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.

Analyst Recommendations for Martin Marietta Materials (NYSE:MLM)

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