Martin Marietta Materials, Inc. (NYSE:MLM) Given Average Rating of "Buy" by Analysts

Shares of Martin Marietta Materials, Inc. (NYSE:MLM - Get Free Report) have received a consensus rating of "Buy" from the sixteen analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $639.43.

A number of brokerages recently commented on MLM. Barclays lowered their target price on shares of Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. StockNews.com downgraded Martin Marietta Materials from a "hold" rating to a "sell" rating in a report on Thursday. Raymond James dropped their price objective on shares of Martin Marietta Materials from $630.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. BNP Paribas lowered shares of Martin Marietta Materials from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Wolfe Research upgraded shares of Martin Marietta Materials from a "peer perform" rating to an "outperform" rating and set a $563.00 price objective for the company in a research report on Wednesday, January 8th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MLM. Integrated Wealth Concepts LLC grew its holdings in shares of Martin Marietta Materials by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company's stock worth $421,000 after buying an additional 19 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in Martin Marietta Materials by 1.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company's stock worth $690,000 after acquiring an additional 19 shares during the period. OneDigital Investment Advisors LLC grew its stake in Martin Marietta Materials by 1.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company's stock worth $527,000 after acquiring an additional 19 shares during the period. iA Global Asset Management Inc. raised its holdings in Martin Marietta Materials by 3.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company's stock valued at $307,000 after acquiring an additional 20 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in shares of Martin Marietta Materials by 4.7% during the 4th quarter. Brooklyn Investment Group now owns 447 shares of the construction company's stock worth $231,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Stock Down 3.2 %

Shares of MLM traded down $16.10 during mid-day trading on Friday, hitting $489.94. 730,657 shares of the company's stock were exchanged, compared to its average volume of 446,578. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. The company has a market cap of $29.94 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 4.58 and a beta of 0.91. The stock's 50-day moving average is $531.34 and its 200-day moving average is $547.49. Martin Marietta Materials has a fifty-two week low of $482.72 and a fifty-two week high of $633.23.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its 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 return on equity of 12.11% and a net margin of 30.54%. On average, sell-side analysts anticipate that Martin Marietta Materials will post 19.53 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 3rd will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, March 3rd. Martin Marietta Materials's payout ratio is currently 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.