Martin Marietta Materials (NYSE:MLM)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks in a report released on Tuesday. They currently have a $245.00 target price on the construction company’s stock. SunTrust Banks’ price objective points to a potential upside of 13.58% from the stock’s current price. SunTrust Banks also issued estimates for Martin Marietta Materials’ FY2018 earnings at $8.48 EPS, Q3 2019 earnings at $3.74 EPS and FY2019 earnings at $9.87 EPS.

Other analysts have also issued research reports about the company. Barclays began coverage on Martin Marietta Materials in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $227.00 price target on the stock. DA Davidson reaffirmed a “hold” rating and issued a $225.00 price target on shares of Martin Marietta Materials in a research note on Friday, November 3rd. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Citigroup boosted their price target on Martin Marietta Materials from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Stephens reaffirmed a “hold” rating and issued a $250.00 price target on shares of Martin Marietta Materials in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $243.25.

Shares of Martin Marietta Materials (MLM) opened at $215.70 on Tuesday. The stock has a market capitalization of $13,729.15, a P/E ratio of 30.38, a PEG ratio of 2.29 and a beta of 1.10. The company has a current ratio of 2.73, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Martin Marietta Materials has a 1 year low of $191.09 and a 1 year high of $244.32.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.46. The business had revenue of $911.30 million for the quarter, compared to analysts’ expectations of $924.30 million. Martin Marietta Materials had a return on equity of 10.85% and a net margin of 17.99%. Martin Marietta Materials’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 earnings per share. analysts predict that Martin Marietta Materials will post 8.66 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. BerganKDV Wealth Management LLC boosted its stake in Martin Marietta Materials by 25.1% in the third quarter. BerganKDV Wealth Management LLC now owns 5,709 shares of the construction company’s stock worth $1,177,000 after purchasing an additional 1,146 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Martin Marietta Materials by 10.9% in the third quarter. Victory Capital Management Inc. now owns 20,135 shares of the construction company’s stock worth $4,153,000 after purchasing an additional 1,982 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Martin Marietta Materials by 66.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,120 shares of the construction company’s stock worth $644,000 after purchasing an additional 1,245 shares in the last quarter. Renaissance Investment Group LLC boosted its stake in Martin Marietta Materials by 3.9% in the fourth quarter. Renaissance Investment Group LLC now owns 13,332 shares of the construction company’s stock worth $2,947,000 after purchasing an additional 499 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Martin Marietta Materials by 10.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 510,000 shares of the construction company’s stock worth $105,177,000 after purchasing an additional 48,000 shares in the last quarter. 98.23% of the stock is currently owned by institutional investors.

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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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