Somewhat Positive Press Coverage Somewhat Unlikely to Affect Martin Marietta Materials (MLM) Stock Price
Media headlines about Martin Marietta Materials (NYSE:MLM) have trended somewhat positive on Thursday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Martin Marietta Materials earned a news impact score of 0.22 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.5664376184487 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several equities research analysts have recently weighed in on the company. Alembic Global Advisors reissued a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday, February 14th. SunTrust Banks reissued a “buy” rating and issued a $245.00 price objective on shares of Martin Marietta Materials in a research report on Tuesday, February 13th. Citigroup increased their price objective on Martin Marietta Materials from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Stephens reaffirmed a “hold” rating and issued a $250.00 target price on shares of Martin Marietta Materials in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $243.25.
Shares of Martin Marietta Materials stock traded down $5.03 during mid-day trading on Thursday, reaching $201.71. The company had a trading volume of 498,231 shares, compared to its average volume of 704,025. The company has a market capitalization of $12,825.00, a PE ratio of 17.91, a P/E/G ratio of 2.94 and a beta of 1.17. Martin Marietta Materials has a 52-week low of $191.09 and a 52-week high of $244.32. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.93 and a current ratio of 3.79.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 5th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.76 annualized dividend and a yield of 0.87%. Martin Marietta Materials’s dividend payout ratio is currently 15.63%.
In other Martin Marietta Materials news, Director Sue W. Cole sold 3,000 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $210.06, for a total transaction of $630,180.00. Following the completion of the transaction, the director now directly owns 24,145 shares in the company, valued at $5,071,898.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.45% 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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