Brokerages Set Martin Marietta Materials, Inc. (NYSE:MLM) Price Target at $639.43

Shares of Martin Marietta Materials, Inc. (NYSE:MLM) have received a consensus rating of “Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $639.43.

A number of equities research analysts recently commented on the company. Raymond James decreased their price target on 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. BNP Paribas cut Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. UBS Group began coverage on Martin Marietta Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $730.00 price target for the company. JPMorgan Chase & Co. raised shares of Martin Marietta Materials from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $515.00 to $640.00 in a report on Wednesday, November 27th. Finally, StockNews.com downgraded shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th.

Martin Marietta Materials Stock Down 1.6 %

Shares of NYSE:MLM opened at $483.06 on Friday. The company has a market capitalization of $29.52 billion, a PE ratio of 14.94, a P/E/G ratio of 4.45 and a beta of 0.91. 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’s fifty day moving average is $527.00 and its 200-day moving average is $546.10. Martin Marietta Materials has a 52 week low of $482.14 and a 52 week high of $633.23.

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

Martin Marietta Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.65%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 9.77%.

Institutional Trading of Martin Marietta Materials

Several hedge funds have recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. bought a new stake in shares of Martin Marietta Materials in the fourth quarter worth about $28,000. First Personal Financial Services acquired a new position in shares of Martin Marietta Materials in the 3rd quarter valued at approximately $33,000. Whipplewood Advisors LLC bought a new stake in Martin Marietta Materials during the 4th quarter worth approximately $32,000. Kestra Investment Management LLC acquired a new stake in Martin Marietta Materials during the 4th quarter worth approximately $35,000. Finally, Hopwood Financial Services Inc. bought a new position in Martin Marietta Materials in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.