Martin Marietta Materials (MLM) Given Average Rating of “Hold” by Brokerages

Shares of Martin Marietta Materials (NYSE:MLM) have been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $243.25.

A number of brokerages have weighed in on MLM. Barclays began coverage on Martin Marietta Materials in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $227.00 price objective on the stock. Alembic Global Advisors reiterated a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday, February 14th. SunTrust Banks reiterated a “buy” rating and issued a $245.00 target price on shares of Martin Marietta Materials in a research report on Tuesday, February 13th. Zacks Investment Research upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Citigroup increased their price target on shares of Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th.

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In other news, Director Laree E. Perez sold 3,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $214.00, for a total transaction of $642,000.00. Following the transaction, the director now owns 16,751 shares in the company, valued at approximately $3,584,714. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.45% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC raised its holdings in Martin Marietta Materials by 149.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 523 shares of the construction company’s stock valued at $116,000 after buying an additional 313 shares during the last quarter. Highlander Capital Management LLC purchased a new stake in Martin Marietta Materials in the 3rd quarter valued at approximately $124,000. Captrust Financial Advisors purchased a new stake in Martin Marietta Materials in the 4th quarter valued at approximately $151,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Martin Marietta Materials in the 4th quarter valued at approximately $155,000. Finally, First Dallas Securities Inc. purchased a new stake in Martin Marietta Materials in the 4th quarter valued at approximately $155,000. Institutional investors and hedge funds own 99.26% of the company’s stock.

Shares of Martin Marietta Materials stock traded up $3.97 during midday trading on Friday, hitting $205.68. The stock had a trading volume of 1,229,938 shares, compared to its average volume of 584,006. The firm has a market capitalization of $12,917.32, a PE ratio of 18.27, a P/E/G ratio of 2.96 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.93 and a current ratio of 3.79. Martin Marietta Materials has a twelve month low of $191.09 and a twelve month high of $244.32.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.46. Martin Marietta Materials had a return on equity of 10.55% and a net margin of 17.99%. The company had revenue of $911.30 million for the quarter, compared to analysts’ expectations of $924.30 million. During the same period last year, the firm earned $1.55 earnings per share. Martin Marietta Materials’s quarterly revenue was up 2.5% on a year-over-year basis. sell-side analysts expect that Martin Marietta Materials will post 8.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 5th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, March 2nd. This represents a $1.76 annualized dividend and a dividend yield of 0.86%. Martin Marietta Materials’s dividend payout ratio (DPR) is 15.63%.

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About Martin Marietta Materials

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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