Martin Marietta Materials, Inc. (NYSE:MLM)‘s stock had its “buy” rating restated by analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday. They currently have a $228.00 price target on the construction company’s stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 5.01% from the stock’s previous close.

Several other research firms have also recently issued reports on MLM. Jefferies Group LLC set a $166.00 price target on Martin Marietta Materials and gave the company a “hold” rating in a report on Monday, August 21st. Bank of America Corporation decreased their price target on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Zacks Investment Research cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Citigroup Inc. reiterated a “buy” rating and issued a $260.00 price target (down previously from $270.00) on shares of Martin Marietta Materials in a report on Monday, October 9th. Finally, BidaskClub cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $245.33.

Shares of Martin Marietta Materials (MLM) traded up 0.09% during midday trading on Friday, reaching $217.12. 367,115 shares of the company’s stock were exchanged. Martin Marietta Materials has a 1-year low of $181.52 and a 1-year high of $244.32. The firm has a 50-day moving average of $205.69 and a 200-day moving average of $217.41. The company has a market capitalization of $13.64 billion, a PE ratio of 31.24 and a beta of 1.13.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, August 1st. The construction company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.13). The firm had revenue of $996.30 million during the quarter, compared to the consensus estimate of $1.01 billion. Martin Marietta Materials had a net margin of 11.19% and a return on equity of 10.69%. Martin Marietta Materials’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 EPS. Equities analysts expect that Martin Marietta Materials will post $7.14 earnings per share for the current fiscal year.

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In related news, Director John J. Koraleski bought 500 shares of Martin Marietta Materials stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $198.37 per share, for a total transaction of $99,185.00. Following the completion of the acquisition, the director now owns 1,439 shares in the company, valued at $285,454.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.45% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Sun Life Financial INC boosted its holdings in Martin Marietta Materials by 6,442.9% during the second quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock worth $102,000 after buying an additional 451 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Martin Marietta Materials by 130.9% during the second quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock worth $120,000 after buying an additional 305 shares during the last quarter. Dupont Capital Management Corp bought a new position in Martin Marietta Materials during the second quarter worth about $128,000. Northwest Investment Counselors LLC bought a new position in Martin Marietta Materials during the second quarter worth about $134,000. Finally, Westwood Holdings Group Inc. bought a new position in Martin Marietta Materials during the second quarter worth about $187,000. Hedge funds and other institutional investors own 96.23% 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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