Martin Marietta Materials, Inc. (NYSE:MLM) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $240.50.

Several equities analysts have commented on MLM shares. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Citigroup reaffirmed 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. Jefferies Group reaffirmed a “buy” rating and issued a $240.00 price target on shares of Martin Marietta Materials in a report on Wednesday, October 11th. Bank of America cut their price target on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $228.00 price target on shares of Martin Marietta Materials in a report on Friday, October 27th.

Martin Marietta Materials (NYSE MLM) traded down $2.24 during midday trading on Tuesday, hitting $228.01. The company had a trading volume of 656,940 shares, compared to its average volume of 727,240. Martin Marietta Materials has a fifty-two week low of $191.09 and a fifty-two week high of $244.32. 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 firm has a market cap of $14,360.00, a PE ratio of 33.24, a PEG ratio of 1.92 and a beta of 1.12.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $2.39 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a return on equity of 10.39% and a net margin of 11.03%. The business had revenue of $1.02 million for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm posted $2.49 EPS. Martin Marietta Materials’s revenue for the quarter was down 1.5% on a year-over-year basis. sell-side analysts predict that Martin Marietta Materials will post 6.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.76 annualized dividend and a dividend yield of 0.77%. Martin Marietta Materials’s dividend payout ratio is currently 25.66%.

Hedge funds have recently added to or reduced their stakes in the company. Profund Advisors LLC grew its position in Martin Marietta Materials by 0.3% during the 2nd quarter. Profund Advisors LLC now owns 1,600 shares of the construction company’s stock worth $356,000 after acquiring an additional 5 shares during the last quarter. L & S Advisors Inc grew its position in Martin Marietta Materials by 0.8% during the 2nd quarter. L & S Advisors Inc now owns 3,091 shares of the construction company’s stock worth $688,000 after acquiring an additional 26 shares during the last quarter. Nordea Investment Management AB grew its position in Martin Marietta Materials by 1.3% during the 2nd quarter. Nordea Investment Management AB now owns 2,965 shares of the construction company’s stock worth $660,000 after acquiring an additional 37 shares during the last quarter. Coldstream Capital Management Inc. grew its position in Martin Marietta Materials by 3.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,330 shares of the construction company’s stock worth $296,000 after acquiring an additional 41 shares during the last quarter. Finally, Financial Counselors Inc. grew its position in Martin Marietta Materials by 5.6% during the 2nd quarter. Financial Counselors Inc. now owns 1,135 shares of the construction company’s stock worth $253,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

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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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