Martin Marietta Materials Inc. (NYSE:MLM) – Investment analysts at Jefferies Group decreased their Q4 2016 EPS estimates for shares of Martin Marietta Materials in a report issued on Monday. Jefferies Group analyst M. Betts now anticipates that the firm will earn $1.43 per share for the quarter, down from their previous forecast of $1.64. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Martin Marietta Materials’ FY2017 earnings at $9.25 EPS.

Several other equities analysts have also issued reports on MLM. DA Davidson upped their target price on Martin Marietta Materials from $190.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research lowered Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 19th. Bank of America Corp. reaffirmed a “buy” rating on shares of Martin Marietta Materials in a report on Friday, June 17th. Finally, Goldman Sachs Group Inc. lowered Martin Marietta Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $210.00 to $202.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $203.00.

Earnings History and Estimates for Martin Marietta Materials (NYSE:MLM)

Martin Marietta Materials (NYSE:MLM) traded down 0.66% during midday trading on Wednesday, hitting $168.77. 124,425 shares of the company traded hands. The company has a market cap of $10.71 billion, a PE ratio of 30.07 and a beta of 1.36. Martin Marietta Materials has a 12-month low of $108.31 and a 12-month high of $206.36. The stock has a 50 day moving average price of $180.04 and a 200-day moving average price of $183.40.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, August 2nd. The company reported $1.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.02 by $0.12. Martin Marietta Materials had a return on equity of 9.36% and a net margin of 9.96%. The company earned $915.40 million during the quarter, compared to analyst estimates of $953.30 million. During the same period in the prior year, the business posted $1.22 earnings per share. Martin Marietta Materials’s revenue was up 7.7% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 1st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 0.99%. Martin Marietta Materials’s payout ratio is presently 30.05%.

In other Martin Marietta Materials news, Director David G. Maffucci sold 6,779 shares of Martin Marietta Materials stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $199.90, for a total transaction of $1,355,122.10. Following the transaction, the director now directly owns 20,326 shares of the company’s stock, valued at $4,063,167.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roselyn R. Bar sold 5,830 shares of Martin Marietta Materials stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $199.98, for a total transaction of $1,165,883.40. Following the transaction, the executive vice president now directly owns 42,588 shares in the company, valued at $8,516,748.24. The disclosure for this sale can be found here. Corporate insiders own 1.06% of the company’s stock.

A number of institutional investors have recently modified their holdings of MLM. Aperio Group LLC increased its position in shares of Martin Marietta Materials by 22.6% in the first quarter. Aperio Group LLC now owns 9,179 shares of the company’s stock worth $1,464,000 after buying an additional 1,694 shares during the period. Prudential Financial Inc. increased its position in shares of Martin Marietta Materials by 3.1% in the first quarter. Prudential Financial Inc. now owns 83,770 shares of the company’s stock worth $13,362,000 after buying an additional 2,520 shares during the period. BlackRock Group LTD increased its position in shares of Martin Marietta Materials by 1.3% in the first quarter. BlackRock Group LTD now owns 444,005 shares of the company’s stock worth $70,823,000 after buying an additional 5,704 shares during the period. Palisade Capital Management LLC NJ increased its position in shares of Martin Marietta Materials by 3.0% in the first quarter. Palisade Capital Management LLC NJ now owns 27,810 shares of the company’s stock worth $4,436,000 after buying an additional 821 shares during the period. Finally, M&T Bank Corp increased its position in shares of Martin Marietta Materials by 336.4% in the first quarter. M&T Bank Corp now owns 9,820 shares of the company’s stock worth $1,566,000 after buying an additional 7,570 shares during the period. 97.18% of the stock is currently owned by institutional investors.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business.

5 Day Chart for NYSE:MLM

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