1 week Ago By Defense World Staff
Martin Marietta Materials, Inc. ( NYSE:MLM – Get Free Report ) has been given a consensus rating of “Moderate Buy” by the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company.
The average 12-month target price among brokerages that have issued a report on the stock in the last year is $653.08. A number of research analysts recently weighed in on MLM shares.
Jefferies Financial Group dropped their price objective on Martin Marietta Materials from $650.00 to $635.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th.
Loop Capital upped their price target on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.
HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a report on Wednesday, December 11th. StockNews.
com downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their target price for the company from $515.
00 to $640.00 in a report on Wednesday, November 27th. Check Out Our Latest Stock Report on MLM Institutional Inflows and Outflows Martin Marietta Materials Stock Down 0.
7 % MLM stock opened at $516.50 on Thursday. The stock has a market capitalization of $31.
57 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 3.74 and a beta of 0.
89. The company has a fifty day moving average of $573.26 and a 200-day moving average of $553.
07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.
24 and a current ratio of 2.34. Martin Marietta Materials has a one year low of $479.
67 and a one year high of $633.23. Martin Marietta Materials ( NYSE:MLM – Get Free Report ) last announced its quarterly earnings data on Wednesday, October 30th.
The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.
50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.
53%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.
94 billion. During the same quarter in the previous year, the business earned $6.94 EPS.
Martin Marietta Materials’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, analysts expect that Martin Marietta Materials will post 17.
58 EPS for the current year. Martin Marietta Materials Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were paid a dividend of $0.
79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.
61%. The ex-dividend date of this dividend was Monday, December 2nd. Martin Marietta Materials’s payout ratio is currently 9.
85%. Martin Marietta Materials Company Profile ( Get Free Report Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and 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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