Martin Marietta Materials, Inc. (NYSE:MLM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Martin Marietta Materials, Inc. (NYSE:MLM) have been assigned an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $681.9412.

MLM has been the topic of several analyst reports. Wall Street Zen upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada decreased their price target on Martin Marietta Materials from $630.00 to $615.00 and set a “sector perform” rating for the company in a research note on Monday, May 4th. Berenberg Bank set a $556.00 price target on Martin Marietta Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company boosted their price target on Martin Marietta Materials from $608.00 to $614.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Zacks Research upgraded Martin Marietta Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th.

Institutional Trading of Martin Marietta Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optima Capital LLC acquired a new stake in Martin Marietta Materials in the fourth quarter valued at $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Martin Marietta Materials during the 3rd quarter worth about $27,000. Meeder Asset Management Inc. raised its holdings in shares of Martin Marietta Materials by 67.9% in the 1st quarter. Meeder Asset Management Inc. now owns 47 shares of the construction company’s stock valued at $28,000 after purchasing an additional 19 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in Martin Marietta Materials in the 4th quarter valued at about $31,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Martin Marietta Materials in the 4th quarter valued at about $36,000. 95.04% of the stock is owned by institutional investors.

Martin Marietta Materials Stock Up 0.1%

Martin Marietta Materials stock opened at $599.97 on Monday. The company has a current ratio of 2.28, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. Martin Marietta Materials has a 1-year low of $525.38 and a 1-year high of $710.97. The company has a fifty day simple moving average of $584.98 and a 200 day simple moving average of $616.79. The company has a market cap of $36.03 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.31 billion. Martin Marietta Materials had a net margin of 38.67% and a return on equity of 10.27%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 EPS. Research analysts anticipate that Martin Marietta Materials will post 19.38 earnings per share for the current fiscal year.

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 1st were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, June 1st. Martin Marietta Materials’s payout ratio is presently 7.91%.

Martin Marietta Materials Company Profile

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.