Martin Marietta Materials, Inc. (NYSE:MLM) – Jefferies Group increased their Q1 2018 EPS estimates for shares of Martin Marietta Materials in a note issued to investors on Wednesday. Jefferies Group analyst P. Ng now expects that the construction company will earn $1.11 per share for the quarter, up from their prior estimate of $0.97. Jefferies Group currently has a “Buy” rating and a $240.00 target price on the stock. Jefferies Group also issued estimates for Martin Marietta Materials’ Q2 2018 earnings at $2.99 EPS.

Other research analysts have also recently issued research reports about the stock. Citigroup restated a “buy” rating and issued a $260.00 price objective (down previously from $270.00) on shares of Martin Marietta Materials in a research report on Monday, October 9th. SunTrust Banks restated a “buy” rating and issued a $228.00 price objective on shares of Martin Marietta Materials in a research report on Friday, October 27th. Barclays initiated coverage on shares of Martin Marietta Materials in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $227.00 price objective for the company. Stephens restated a “hold” rating and issued a $250.00 price objective on shares of Martin Marietta Materials in a research report on Wednesday, January 3rd. Finally, DA Davidson restated a “hold” rating and issued a $225.00 price objective on shares of Martin Marietta Materials in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $240.50.

Martin Marietta Materials (MLM) opened at $227.04 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. Martin Marietta Materials has a 1 year low of $191.09 and a 1 year high of $244.32. The firm has a market cap of $14,270.00, a P/E ratio of 33.10, a P/E/G ratio of 1.93 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 company had revenue of $1.02 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $2.49 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, November 30th. Martin Marietta Materials’s payout ratio is 25.66%.

Institutional investors have recently modified their holdings of the business. Sun Life Financial INC raised its position in shares of Martin Marietta Materials by 6,442.9% during the 2nd quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock valued at $102,000 after acquiring an additional 451 shares during the last quarter. Highlander Capital Management LLC bought a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at $124,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at $152,000. Westwood Holdings Group Inc. bought a new stake in shares of Martin Marietta Materials during the 2nd quarter valued at $187,000. Finally, Numeric Investors LLC bought a new stake in shares of Martin Marietta Materials during the 2nd quarter valued at $200,000. Institutional investors own 97.22% of the company’s stock.

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About Martin Marietta Materials

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.

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