Shares of Martin Marietta Materials, Inc. (NYSE:MLM) have received an average rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $240.50.

A number of research firms have recently weighed in on MLM. Citigroup reissued a “buy” rating and issued a $260.00 price target (down previously from $270.00) on shares of Martin Marietta Materials in a research note on Monday, October 9th. Stephens reaffirmed a “hold” rating and set a $250.00 price objective on shares of Martin Marietta Materials in a research note on Wednesday, January 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $228.00 price objective on shares of Martin Marietta Materials in a research note on Friday, October 27th. Barclays began coverage on Martin Marietta Materials in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $227.00 price objective on the stock. Finally, DA Davidson reaffirmed a “hold” rating and set a $225.00 price objective on shares of Martin Marietta Materials in a research note on Friday, November 3rd.

Martin Marietta Materials (NYSE MLM) traded down $2.24 during mid-day trading on Tuesday, hitting $228.01. The stock had a trading volume of 656,940 shares, compared to its average volume of 727,240. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73. The firm has a market cap of $14,360.00, a P/E ratio of 33.24, a P/E/G ratio of 1.92 and a beta of 1.12. Martin Marietta Materials has a one year low of $191.09 and a one year high of $244.32.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.06). The company had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.07 billion. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.49 EPS. analysts predict that Martin Marietta Materials will post 6.82 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, November 30th. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 25.66%.

Hedge funds have recently added to or reduced their stakes in the business. Sun Life Financial INC increased its holdings in Martin Marietta Materials by 6,442.9% during the 2nd quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock worth $102,000 after purchasing an additional 451 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Martin Marietta Materials by 130.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock valued at $120,000 after acquiring an additional 305 shares in the last quarter. Highlander Capital Management LLC bought a new position in shares of Martin Marietta Materials in the 3rd quarter valued at about $124,000. Massey Quick Simon & CO. LLC bought a new position in shares of Martin Marietta Materials in the 3rd quarter valued at about $152,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of Martin Marietta Materials in the 2nd quarter valued at about $187,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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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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