Stephens reaffirmed their hold rating on shares of Martin Marietta Materials (NYSE:MLM) in a research note issued to investors on Wednesday. Stephens currently has a $250.00 price target on the construction company’s stock.

MLM has been the subject of a number of other reports. Bank of America lowered their target price on shares of Martin Marietta Materials from $233.00 to $229.00 and set a neutral rating for the company in a research note on Thursday, October 19th. Citigroup restated a buy rating and set a $260.00 price objective (down from $270.00) on shares of Martin Marietta Materials in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of Martin Marietta Materials from a sell rating to a hold rating in a research note on Tuesday, September 12th. Jefferies Group restated a buy rating and set a $240.00 price objective on shares of Martin Marietta Materials in a research note on Wednesday, October 11th. Finally, SunTrust Banks restated a buy rating and set a $228.00 price objective on shares of Martin Marietta Materials in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $240.50.

Martin Marietta Materials (NYSE MLM) traded up $0.50 during mid-day trading on Wednesday, reaching $228.00. 797,615 shares of the company were exchanged, compared to its average volume of 857,900. The firm has a market cap of $14,330.00, a PE ratio of 33.24, a PEG ratio of 1.90 and a beta of 1.12. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. Martin Marietta Materials has a one year low of $191.09 and a one year high of $244.32.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.06). The company had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.07 billion. Martin Marietta Materials had a return on equity of 10.39% and a net margin of 11.03%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned $2.49 earnings per share. sell-side analysts anticipate that Martin Marietta Materials will post 6.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, November 30th. Martin Marietta Materials’s payout ratio is 25.66%.

A number of hedge funds and other institutional investors have recently made changes to their positions in MLM. Blair William & Co. IL purchased a new position in shares of Martin Marietta Materials during the 2nd quarter valued at approximately $230,000. BB&T Securities LLC purchased a new position in shares of Martin Marietta Materials during the 2nd quarter valued at approximately $245,000. Victory Capital Management Inc. increased its holdings in shares of Martin Marietta Materials by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 18,153 shares of the construction company’s stock valued at $4,041,000 after purchasing an additional 2,708 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Martin Marietta Materials by 130.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 538 shares of the construction company’s stock valued at $120,000 after purchasing an additional 305 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Martin Marietta Materials by 9.5% during the 2nd quarter. Pacer Advisors Inc. now owns 1,343 shares of the construction company’s stock valued at $299,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.

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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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