News stories about Martin Marietta Materials (NYSE:MLM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Martin Marietta Materials earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 48 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
MLM has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of Martin Marietta Materials from $258.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Cleveland Research upgraded shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating in a research note on Friday, March 31st. BidaskClub upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Citigroup Inc. initiated coverage on shares of Martin Marietta Materials in a research note on Wednesday, March 29th. They issued a “buy” rating and a $245.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $229.29.
Martin Marietta Materials (MLM) traded down 1.16% during mid-day trading on Monday, reaching $225.25. 261,768 shares of the company were exchanged. Martin Marietta Materials has a 12 month low of $167.06 and a 12 month high of $244.32. The stock has a market capitalization of $14.14 billion, a P/E ratio of 33.99 and a beta of 1.14. The company’s 50 day moving average price is $229.22 and its 200-day moving average price is $223.50.
Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Tuesday, May 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. The firm had revenue of $791.70 million during the quarter, compared to analyst estimates of $729.28 million. Martin Marietta Materials had a net margin of 10.91% and a return on equity of 10.32%. Martin Marietta Materials’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, equities analysts expect that Martin Marietta Materials will post $7.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 1st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $1.68 annualized dividend and a dividend yield of 0.74%. Martin Marietta Materials’s dividend payout ratio (DPR) is 25.42%.
In other Martin Marietta Materials news, CFO Anne H. Lloyd sold 6,472 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $238.73, for a total value of $1,545,060.56. Following the completion of the transaction, the chief financial officer now directly owns 69,941 shares in the company, valued at $16,697,014.93. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Donald A. Mccunniff sold 1,391 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $240.17, for a total transaction of $334,076.47. Following the completion of the transaction, the senior vice president now owns 19,858 shares of the company’s stock, valued at $4,769,295.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,121 shares of company stock valued at $4,332,440. Insiders own 1.06% 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.
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