Shares of Martin Marietta Materials, Inc. (NYSE:MLM) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $223.84.
A number of research analysts have weighed in on MLM shares. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Bank of America lowered shares of Propetro from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. Citigroup raised their price objective on shares of Martin Marietta Materials from $239.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Goldman Sachs Group raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and raised their price objective for the company from $207.00 to $232.00 in a research note on Thursday, April 11th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,620 ($47.30) price objective on shares of Bellway in a research note on Wednesday, April 3rd.
In related news, Chairman C Howard Nye sold 14,668 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $220.48, for a total transaction of $3,234,000.64. Following the transaction, the chairman now directly owns 167,019 shares of the company’s stock, valued at $36,824,349.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laree E. Perez sold 824 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $231.80, for a total transaction of $191,003.20. Following the transaction, the director now directly owns 14,136 shares in the company, valued at $3,276,724.80. The disclosure for this sale can be found here. Insiders have sold 18,675 shares of company stock worth $4,125,869 over the last three months. 0.73% of the stock is owned by insiders.
NYSE MLM traded down $1.21 on Friday, hitting $224.32. 461,729 shares of the company were exchanged, compared to its average volume of 430,507. The stock has a market capitalization of $14.12 billion, a P/E ratio of 27.73, a PEG ratio of 2.20 and a beta of 1.14. Martin Marietta Materials has a 12 month low of $150.75 and a 12 month high of $232.81. The stock’s fifty day moving average is $225.16. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 1.81.
Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Tuesday, April 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.39. Martin Marietta Materials had a net margin of 11.48% and a return on equity of 10.82%. The business had revenue of $938.96 million for the quarter, compared to analyst estimates of $881.82 million. During the same period in the prior year, the firm earned $0.16 earnings per share. Martin Marietta Materials’s revenue was up 17.1% on a year-over-year basis. As a group, research analysts anticipate that Martin Marietta Materials will post 9.3 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 3rd were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, May 31st. Martin Marietta Materials’s payout ratio is currently 23.73%.
About Martin Marietta Materials
Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.
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