Shares of Martin Marietta Materials, Inc. (NYSE:MLM – Get Free Report) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $619.36.
A number of research analysts have commented on the stock. Loop Capital dropped their price objective on shares of Martin Marietta Materials from $630.00 to $615.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Morgan Stanley lifted their price objective on shares of Martin Marietta Materials from $610.00 to $657.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Jefferies Financial Group dropped their price objective on shares of Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stephens dropped their price objective on shares of Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Truist Financial dropped their price objective on shares of Martin Marietta Materials from $700.00 to $670.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.
Institutional Inflows and Outflows
Martin Marietta Materials Price Performance
Shares of MLM opened at $570.21 on Friday. Martin Marietta Materials has a 1-year low of $389.90 and a 1-year high of $626.67. The stock has a market cap of $35.15 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.86 and a quick ratio of 0.94. The firm has a fifty day moving average price of $536.79 and a 200 day moving average price of $556.84.
Martin Marietta Materials (NYSE:MLM – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $4.76 earnings per share for the quarter, missing analysts’ consensus estimates of $5.36 by ($0.60). Martin Marietta Materials had a net margin of 30.80% and a return on equity of 13.85%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm earned $5.60 earnings per share. Martin Marietta Materials’s revenue was down 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Martin Marietta Materials will post 19.07 EPS for the current year.
Martin Marietta Materials Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.79 per share. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.74. This represents a $3.16 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, September 3rd. Martin Marietta Materials’s dividend payout ratio is presently 9.36%.
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.
Recommended Stories
- Five stocks we like better than Martin Marietta Materials
- Conference Calls and Individual Investors
- Texas Roadhouse Stock Steering for New Highs This Year
- 3 Warren Buffett Stocks to Buy Now
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.