Martin Marietta Materials (NYSE:MLM) Earns Buy Rating from Analysts at UBS Group

UBS Group assumed coverage on shares of Martin Marietta Materials (NYSE:MLM - Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage set a "buy" rating and a $730.00 price target on the construction company's stock. UBS Group's price objective would suggest a potential upside of 18.28% from the company's previous close.

A number of other brokerages also recently weighed in on MLM. Truist Financial cut their price target on shares of Martin Marietta Materials from $700.00 to $670.00 and set a "buy" rating for the company in a report on Friday, August 9th. StockNews.com downgraded shares of Martin Marietta Materials from a "hold" rating to a "sell" rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. cut their price target on shares of Martin Marietta Materials from $560.00 to $515.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Jefferies Financial Group decreased their price target on shares of Martin Marietta Materials from $650.00 to $635.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Finally, Stephens dropped their price target on Martin Marietta Materials from $650.00 to $610.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $634.85.

Martin Marietta Materials Stock Performance

NYSE MLM traded down $0.15 during trading hours on Thursday, reaching $617.16. The company's stock had a trading volume of 497,674 shares, compared to its average volume of 448,493. 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 business has a 50-day simple moving average of $547.35 and a 200 day simple moving average of $556.58. Martin Marietta Materials has a 52 week low of $444.14 and a 52 week high of $633.23. The stock has a market cap of $37.72 billion, a PE ratio of 19.23, a PEG ratio of 3.86 and a beta of 0.90.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a return on equity of 12.53% and a net margin of 30.47%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $6.94 EPS. The firm's revenue was down 5.3% on a year-over-year basis. Equities research analysts predict that Martin Marietta Materials will post 17.95 earnings per share for the current fiscal year.

Institutional Trading of Martin Marietta Materials

A number of large investors have recently bought and sold shares of MLM. Newbridge Financial Services Group Inc. increased its position in shares of Martin Marietta Materials by 411.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company's stock worth $25,000 after purchasing an additional 37 shares in the last quarter. Asset Dedication LLC grew 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 worth $30,000 after buying an additional 52 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Martin Marietta Materials during the third quarter worth approximately $33,000. Fortitude Family Office LLC raised its stake in shares of Martin Marietta Materials by 186.4% in the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company's stock valued at $34,000 after acquiring an additional 41 shares during the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in shares of Martin Marietta Materials in the first quarter valued at approximately $41,000. 95.04% of the stock is currently owned by institutional investors.

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.