Martin Marietta Materials (NYSE:MLM) Price Target Lowered to $650.00 at Stephens

Martin Marietta Materials (NYSE:MLM) had its target price cut by Stephens from $675.00 to $650.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

MLM has been the subject of several other research reports. Loop Capital upped their target price on Martin Marietta Materials from $600.00 to $680.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BNP Paribas downgraded Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Raymond James decreased their target price on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. StockNews.com downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 8th. Finally, Truist Financial reduced their price target on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $639.43.

Martin Marietta Materials Price Performance

MLM stock opened at $531.75 on Thursday. Martin Marietta Materials has a 12-month low of $482.72 and a 12-month high of $633.23. The stock has a 50-day moving average price of $536.78 and a two-hundred day moving average price of $549.65. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The company has a market cap of $32.50 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. As a group, research analysts predict that Martin Marietta Materials will post 17.57 EPS for the current year.

Institutional Trading of Martin Marietta Materials

Several institutional investors and hedge funds have recently bought and sold shares of MLM. CWM LLC raised its stake in Martin Marietta Materials by 7.0% during the third quarter. CWM LLC now owns 1,749 shares of the construction company’s stock valued at $942,000 after buying an additional 114 shares in the last quarter. Ritholtz Wealth Management raised its stake in Martin Marietta Materials by 67.0% during the third quarter. Ritholtz Wealth Management now owns 765 shares of the construction company’s stock valued at $412,000 after buying an additional 307 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Martin Marietta Materials during the third quarter valued at approximately $209,000. Swedbank AB raised its stake in Martin Marietta Materials by 326.4% during the third quarter. Swedbank AB now owns 3,492 shares of the construction company’s stock valued at $1,880,000 after buying an additional 2,673 shares in the last quarter. Finally, Asset Dedication LLC raised its stake in Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock valued at $30,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

About Martin Marietta Materials

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.