Martin Marietta Materials, Inc. (NYSE:MLM) Receives Average Recommendation of “Hold” from Brokerages

Shares of Martin Marietta Materials, Inc. (NYSE:MLM) have earned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $696.8750.

A number of analysts have commented on MLM shares. DA Davidson set a $680.00 price objective on Martin Marietta Materials in a research report on Thursday, February 12th. Loop Capital cut Martin Marietta Materials from a “buy” rating to a “hold” rating and set a $690.00 price objective on the stock. in a research report on Wednesday, January 28th. Weiss Ratings lowered Martin Marietta Materials from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. Citigroup lifted their price target on shares of Martin Marietta Materials from $780.00 to $804.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Truist Financial set a $710.00 price target on shares of Martin Marietta Materials in a report on Thursday, February 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lido Advisors LLC grew its stake in shares of Martin Marietta Materials by 0.8% in the 4th quarter. Lido Advisors LLC now owns 1,920 shares of the construction company’s stock valued at $1,209,000 after purchasing an additional 15 shares during the period. Schear Investment Advisers LLC grew its position in Martin Marietta Materials by 0.6% in the third quarter. Schear Investment Advisers LLC now owns 2,731 shares of the construction company’s stock valued at $1,721,000 after acquiring an additional 16 shares during the period. Ashton Thomas Private Wealth LLC grew its position in Martin Marietta Materials by 3.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 424 shares of the construction company’s stock valued at $264,000 after acquiring an additional 16 shares during the period. Harbour Investments Inc. raised its stake in Martin Marietta Materials by 31.4% during the fourth quarter. Harbour Investments Inc. now owns 67 shares of the construction company’s stock worth $42,000 after acquiring an additional 16 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its stake in Martin Marietta Materials by 3.9% during the third quarter. Daymark Wealth Partners LLC now owns 448 shares of the construction company’s stock worth $283,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $571.20 on Friday. The firm’s 50-day moving average is $639.88 and its 200-day moving average is $629.65. The company has a market cap of $34.45 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 2.27 and a beta of 1.13. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.36 and a current ratio of 3.57. Martin Marietta Materials has a 52-week low of $441.95 and a 52-week high of $710.97.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Wednesday, February 11th. The construction company reported $4.62 earnings per share for the quarter, missing the consensus estimate of $4.81 by ($0.19). Martin Marietta Materials had a net margin of 17.38% and a return on equity of 10.86%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the business posted $4.79 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Martin Marietta Materials will post 19.53 earnings per share for the current year.

Martin Marietta Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, March 2nd. Martin Marietta Materials’s payout ratio is 17.66%.

About Martin Marietta Materials

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.