Recent Investment Analysts’ Ratings Updates for Martin Marietta Materials (MLM)

A number of research firms have changed their ratings and price targets for Martin Marietta Materials (NYSE: MLM):

• 11/8/2024 – Martin Marietta Materials was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/7/2024 – Martin Marietta Materials is now covered by analysts at UBS Group AG. They set a “buy” rating and a $730.00 price target on the stock.
• 10/31/2024 – Martin Marietta Materials had its price target raised by analysts at Loop Capital from $600.00 to $680.00. They now have a “buy” rating on the stock.
• 10/29/2024 – Martin Marietta Materials had its price target raised by analysts at Barclays PLC from $595.00 to $645.00. They now have an “overweight” rating on the stock.
• 10/9/2024 – Martin Marietta Materials had its price target lowered by analysts at JPMorgan Chase & Co. from $560.00 to $515.00. They now have a “neutral” rating on the stock.
• 10/9/2024 – Martin Marietta Materials had its price target lowered by analysts at Jefferies Financial Group Inc. from $650.00 to $635.00. They now have a “buy” rating on the stock.
• 9/25/2024 – Martin Marietta Materials was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/19/2024 – Martin Marietta Materials was upgraded by analysts at BNP Paribas to a “strong-buy” rating.
• 9/17/2024 – Martin Marietta Materials was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Martin Marietta Materials Stock Performance

NYSE:MLM opened at $605.33 on Thursday. The stock’s 50-day simple moving average is $554.32 and its 200 day simple moving average is $556.80. The firm has a market capitalization of $37.00 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 4.05 and a beta of 0.90. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. Martin Marietta Materials, Inc. has a twelve month low of $451.37 and a twelve month high of $633.23.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 EPS for the quarter, missing analysts’ consensus estimates of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $6.94 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, analysts anticipate that Martin Marietta Materials, Inc. will post 17.84 EPS for the current fiscal year.

Martin Marietta Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd 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 0.52%. The ex-dividend date of this dividend is Monday, December 2nd. Martin Marietta Materials’s payout ratio is 9.85%.

Institutional Trading of Martin Marietta Materials

Hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. raised its position in shares of Martin Marietta Materials by 411.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after acquiring an additional 37 shares during the last quarter. Asset Dedication LLC raised its position in shares of 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 acquiring an additional 52 shares during the last quarter. First Personal Financial Services bought a new position in shares of Martin Marietta Materials during the third quarter worth about $33,000. Fortitude Family Office LLC raised its position in shares of Martin Marietta Materials by 186.4% during the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock worth $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 during the first quarter worth about $41,000. 95.04% of the stock is owned by institutional investors and hedge funds.

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.