Martin Marietta Materials (NYSE:MLM)‘s stock had its “hold” rating reaffirmed by equities researchers at Stephens in a research note issued on Wednesday. They currently have a $250.00 price target on the construction company’s stock. Stephens’ target price suggests a potential upside of 11.11% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Barclays assumed coverage on Martin Marietta Materials in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $227.00 price target for the company. DA Davidson reissued a “hold” rating and issued a $225.00 price target on shares of Martin Marietta Materials in a research note on Friday, November 3rd. SunTrust Banks reissued a “buy” rating and issued a $228.00 price target on shares of Martin Marietta Materials in a research note on Friday, October 27th. Jefferies Group reissued a “buy” rating and issued a $240.00 price target on shares of Martin Marietta Materials in a research note on Wednesday, October 11th. Finally, Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Martin Marietta Materials currently has an average rating of “Hold” and a consensus target price of $240.50.

Martin Marietta Materials (NYSE:MLM) traded up $3.96 during trading on Wednesday, reaching $225.00. The company’s stock had a trading volume of 994,800 shares, compared to its average volume of 854,300. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14,250.00, a P/E ratio of 32.80, a PEG ratio of 1.87 and a beta of 1.12. 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 posted its earnings results on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.06). The firm had revenue of $1.02 million during the quarter, compared to the consensus estimate of $1.07 billion. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. Martin Marietta Materials’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.49 earnings per share. equities research analysts forecast that Martin Marietta Materials will post 6.82 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlantic Trust Group LLC bought a new position in Martin Marietta Materials in the third quarter worth approximately $2,739,000. Parametric Portfolio Associates LLC boosted its holdings in Martin Marietta Materials by 5.1% in the third quarter. Parametric Portfolio Associates LLC now owns 79,515 shares of the construction company’s stock worth $16,398,000 after acquiring an additional 3,858 shares in the last quarter. Moors & Cabot Inc. bought a new position in Martin Marietta Materials in the third quarter worth approximately $266,000. Neuberger Berman Group LLC boosted its holdings in Martin Marietta Materials by 18,467.9% in the third quarter. Neuberger Berman Group LLC now owns 269,606 shares of the construction company’s stock worth $55,601,000 after acquiring an additional 268,154 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in Martin Marietta Materials by 0.7% in the third quarter. Alkeon Capital Management LLC now owns 430,918 shares of the construction company’s stock worth $88,868,000 after acquiring an additional 3,000 shares in the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.

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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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