Zacks Research Issues Pessimistic Outlook for MLM Earnings

Martin Marietta Materials, Inc. (NYSE:MLM) – Zacks Research cut their Q1 2027 earnings per share (EPS) estimates for Martin Marietta Materials in a research note issued to investors on Tuesday, April 29th. Zacks Research analyst R. Department now expects that the construction company will earn $3.71 per share for the quarter, down from their prior estimate of $3.72. The consensus estimate for Martin Marietta Materials’ current full-year earnings is $19.53 per share.

Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Tuesday, April 29th. The construction company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. Martin Marietta Materials had a return on equity of 12.11% and a net margin of 30.54%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company earned $1.93 earnings per share. Martin Marietta Materials’s revenue was up 8.2% on a year-over-year basis.

A number of other brokerages have also recently commented on MLM. JPMorgan Chase & Co. cut Martin Marietta Materials from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $640.00 to $560.00 in a research report on Wednesday, March 19th. Barclays reduced their price target on Martin Marietta Materials from $645.00 to $600.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus started coverage on Martin Marietta Materials in a research report on Tuesday, March 4th. They issued a “buy” rating and a $559.00 price target for the company. UBS Group cut Martin Marietta Materials from a “buy” rating to a “neutral” rating and set a $491.00 price target for the company. in a research report on Monday, April 7th. Finally, Loop Capital reduced their price target on Martin Marietta Materials from $645.00 to $615.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $599.38.

Martin Marietta Materials Stock Up 3.9 %

MLM stock opened at $524.76 on Wednesday. Martin Marietta Materials has a fifty-two week low of $441.95 and a fifty-two week high of $633.23. The business’s 50-day moving average is $483.73 and its two-hundred day moving average is $531.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The company has a market cap of $31.80 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 4.45 and a beta of 0.81.

Hedge Funds Weigh In On Martin Marietta Materials

Several institutional investors have recently added to or reduced their stakes in MLM. Lee Danner & Bass Inc. bought a new stake in shares of Martin Marietta Materials in the 4th quarter valued at approximately $28,000. Wayfinding Financial LLC bought a new stake in shares of Martin Marietta Materials in the 1st quarter valued at approximately $29,000. Whipplewood Advisors LLC bought a new stake in shares of Martin Marietta Materials in the 4th quarter valued at approximately $32,000. Chilton Capital Management LLC bought a new stake in shares of Martin Marietta Materials in the 1st quarter valued at approximately $30,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Martin Marietta Materials in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the transaction, the executive vice president now owns 3,523 shares in the company, valued at $1,673,425. This trade represents a 27.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael J. Petro purchased 550 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $454.37 per share, with a total value of $249,903.50. Following the acquisition, the senior vice president now directly owns 8,985 shares in the company, valued at $4,082,514.45. This represents a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.68% of the stock is currently owned by company insiders.

Martin Marietta Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Monday, March 3rd. Martin Marietta Materials’s dividend payout ratio is currently 9.77%.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.