Martin Marietta Materials, Inc. (NYSE:MLM) has received an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $240.50.

A number of research analysts recently commented on MLM shares. Zacks Investment Research upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup reiterated a “buy” rating and issued a $260.00 price objective (down from $270.00) on shares of Martin Marietta Materials in a report on Monday, October 9th. Jefferies Group reiterated a “buy” rating and issued a $240.00 price objective on shares of Martin Marietta Materials in a report on Wednesday, October 11th. Bank of America decreased their price objective on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $228.00 price objective on shares of Martin Marietta Materials in a report on Friday, October 27th.

A number of large investors have recently added to or reduced their stakes in MLM. Dupont Capital Management Corp acquired a new position in Martin Marietta Materials during the second quarter worth $128,000. State of Wisconsin Investment Board lifted its stake in Martin Marietta Materials by 37.4% during the second quarter. State of Wisconsin Investment Board now owns 48,758 shares of the construction company’s stock worth $10,853,000 after purchasing an additional 13,260 shares in the last quarter. Legal & General Group Plc lifted its stake in Martin Marietta Materials by 2.9% during the second quarter. Legal & General Group Plc now owns 303,657 shares of the construction company’s stock worth $67,586,000 after purchasing an additional 8,698 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Martin Marietta Materials by 0.3% during the second quarter. Frontier Capital Management Co. LLC now owns 430,533 shares of the construction company’s stock worth $95,828,000 after purchasing an additional 1,402 shares in the last quarter. Finally, Blair William & Co. IL acquired a new position in Martin Marietta Materials during the second quarter worth $230,000. Institutional investors own 97.38% of the company’s stock.

Martin Marietta Materials (NYSE:MLM) traded up $0.97 on Friday, reaching $204.64. The company had a trading volume of 510,321 shares, compared to its average volume of 638,396. Martin Marietta Materials has a 12-month low of $191.09 and a 12-month high of $244.32. The firm has a market capitalization of $12,800.00, a PE ratio of 30.27, a PEG ratio of 2.16 and a beta of 1.12. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.06). Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The business had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. equities analysts predict that Martin Marietta Materials will post 6.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, November 30th. Martin Marietta Materials’s dividend payout ratio (DPR) is 25.66%.

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Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.

Analyst Recommendations for Martin Marietta Materials (NYSE:MLM)

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