A number of other equities research analysts have also weighed in on MLM. DA Davidson lowered their price objective on shares of Martin Marietta Materials from $465.00 to $450.00 in a report on Monday, February 14th. Barclays lowered their price target on shares of Martin Marietta Materials from $485.00 to $450.00 and set an overweight rating for the company in a report on Friday, February 11th. Finally, Morgan Stanley lowered their price target on shares of Martin Marietta Materials from $470.00 to $441.00 and set an overweight rating for the company in a report on Monday, April 18th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Martin Marietta Materials presently has a consensus rating of Buy and a consensus price target of $443.30.
Shares of MLM stock opened at $377.57 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.69 and a current ratio of 2.69. Martin Marietta Materials has a 52 week low of $329.69 and a 52 week high of $446.46. The stock has a market capitalization of $23.55 billion, a PE ratio of 35.89, a PEG ratio of 1.42 and a beta of 0.79. The stock’s fifty day moving average is $374.06 and its 200-day moving average is $395.29.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 1st were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 0.65%. The ex-dividend date was Monday, February 28th. Martin Marietta Materials’s dividend payout ratio (DPR) is 23.19%.
Hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake in Martin Marietta Materials by 15.7% during the 4th quarter. Baillie Gifford & Co. now owns 4,342,622 shares of the construction company’s stock valued at $1,913,012,000 after acquiring an additional 590,221 shares during the period. BlackRock Inc. increased its holdings in Martin Marietta Materials by 1.3% in the 3rd quarter. BlackRock Inc. now owns 4,149,870 shares of the construction company’s stock worth $1,417,929,000 after acquiring an additional 53,775 shares in the last quarter. Select Equity Group L.P. increased its holdings in Martin Marietta Materials by 1.7% in the 4th quarter. Select Equity Group L.P. now owns 3,505,954 shares of the construction company’s stock worth $1,544,443,000 after acquiring an additional 60,234 shares in the last quarter. State Street Corp increased its holdings in Martin Marietta Materials by 0.5% in the 4th quarter. State Street Corp now owns 2,781,701 shares of the construction company’s stock worth $1,225,395,000 after acquiring an additional 13,649 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Martin Marietta Materials by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,178,310 shares of the construction company’s stock valued at $517,730,000 after buying an additional 25,083 shares in the last quarter. 93.49% of the stock is currently owned by institutional investors.
Martin Marietta Materials Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Martin Marietta Materials (MLM)
- World Wresting Entertainment Stock is Hulking Up
- High-Yield Weyco Group Returns To Reasonable Levels
- MarketBeat Podcast: Alternative Investing Strategies Despite Market Volatility
- Limelight Networks Stock is a Speculative Turnaround Opportunity
- The Selloff In SiteOne Landscape Supply Is Overextended
Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.