Martin Marietta Materials, Inc. (NYSE:MLM) Receives Average Rating of “Moderate Buy” from Brokerages

Martin Marietta Materials, Inc. (NYSE:MLM) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $628.64.

Several research analysts recently weighed in on the company. Hsbc Global Res raised Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Truist Financial cut their price objective on Martin Marietta Materials from $670.00 to $610.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. HSBC upgraded Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price for the company in a report on Wednesday, December 11th. Stephens cut their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, Raymond James reduced their price target on shares of Martin Marietta Materials from $630.00 to $600.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th.

Insider Transactions at Martin Marietta Materials

In other Martin Marietta Materials news, EVP Donald A. Mccunniff sold 1,332 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the sale, the executive vice president now directly owns 3,523 shares in the company, valued at approximately $1,673,425. The trade was a 27.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael J. Petro purchased 550 shares of Martin Marietta Materials stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $454.37 per share, with a total value of $249,903.50. Following the completion of the purchase, the senior vice president now owns 8,985 shares in the company, valued at approximately $4,082,514.45. This trade represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Martin Marietta Materials

Hedge funds and other institutional investors have recently modified their holdings of the company. 111 Capital bought a new position in Martin Marietta Materials during the fourth quarter valued at about $221,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Martin Marietta Materials by 6.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,654 shares of the construction company’s stock valued at $1,887,000 after acquiring an additional 227 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Martin Marietta Materials by 1.0% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 28,559 shares of the construction company’s stock valued at $14,751,000 after purchasing an additional 271 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in shares of Martin Marietta Materials by 14.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 1,508 shares of the construction company’s stock worth $785,000 after purchasing an additional 195 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Martin Marietta Materials in the 4th quarter worth approximately $13,501,000. Institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Trading Down 1.3 %

NYSE MLM opened at $477.49 on Tuesday. The company has a market cap of $29.11 billion, a P/E ratio of 14.77, a P/E/G ratio of 4.45 and a beta of 0.89. Martin Marietta Materials has a 12 month low of $448.50 and a 12 month high of $633.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 1.40. The company has a 50-day moving average of $511.26 and a 200-day moving average of $539.32.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. As a group, equities analysts predict that Martin Marietta Materials will post 19.53 earnings per share for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.66%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

Martin Marietta Materials Company Profile

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.