Martin Marietta Materials, Inc. (NYSE:MLM)‘s stock had its “hold” rating reiterated by analysts at DA Davidson in a report released on Friday, November 3rd. They presently have a $225.00 target price on the construction company’s stock. DA Davidson’s target price suggests a potential upside of 8.63% from the company’s previous close. DA Davidson also issued estimates for Martin Marietta Materials’ Q1 2018 earnings at $0.80 EPS.
Several other equities analysts have also recently commented on the stock. SunTrust Banks, Inc. reiterated a “buy” rating and set a $228.00 target price on shares of Martin Marietta Materials in a research note on Friday, October 27th. Jefferies Group LLC restated a “buy” rating and issued a $240.00 price objective on shares of Martin Marietta Materials in a research note on Wednesday, October 11th. Citigroup Inc. restated a “buy” rating and issued a $260.00 price objective (down previously 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. Finally, Bank of America Corporation lowered their target price on shares of Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $242.43.
Shares of Martin Marietta Materials (MLM) traded down $0.31 on Friday, reaching $207.13. 632,990 shares of the company were exchanged, compared to its average volume of 643,189. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 1.50. The stock has a market capitalization of $13,020.00, a P/E ratio of 30.43, a PEG ratio of 2.18 and a beta of 1.14. Martin Marietta Materials has a 52-week low of $191.09 and a 52-week high of $244.32.
Martin Marietta Materials (NYSE:MLM) last posted its earnings results on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a return on equity of 10.39% and a net margin of 11.03%. The business had revenue of $1.02 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm earned $2.49 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. equities analysts predict that Martin Marietta Materials will post 6.92 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in the business. Profund Advisors LLC raised its holdings in Martin Marietta Materials by 0.3% during the 2nd quarter. Profund Advisors LLC now owns 1,600 shares of the construction company’s stock worth $356,000 after buying an additional 5 shares during the period. First National Bank of Hutchinson raised its holdings in shares of Martin Marietta Materials by 0.3% in the second quarter. First National Bank of Hutchinson now owns 2,214 shares of the construction company’s stock valued at $505,000 after purchasing an additional 6 shares during the last quarter. L & S Advisors Inc raised its holdings in shares of Martin Marietta Materials by 0.8% in the second quarter. L & S Advisors Inc now owns 3,091 shares of the construction company’s stock valued at $688,000 after purchasing an additional 26 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Martin Marietta Materials by 0.3% in the second quarter. CIBC Asset Management Inc now owns 9,431 shares of the construction company’s stock valued at $2,099,000 after purchasing an additional 27 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in shares of Martin Marietta Materials by 0.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 4,438 shares of the construction company’s stock valued at $988,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.
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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