Martin Marietta Materials, Inc. (NYSE:MLM) Receives Consensus Rating of “Moderate Buy” from Analysts

Martin Marietta Materials, Inc. (NYSE:MLM) has earned an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $628.5625.

Several research analysts have recently issued reports on MLM shares. DA Davidson boosted their price objective on shares of Martin Marietta Materials from $625.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Royal Bank Of Canada restated a “sector perform” rating and set a $525.00 price objective (up previously from $515.00) on shares of Martin Marietta Materials in a report on Friday, August 8th. Wall Street Zen upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Wells Fargo & Company upgraded shares of Martin Marietta Materials to a “hold” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Martin Marietta Materials in a report on Wednesday, October 8th.

Martin Marietta Materials Stock Performance

Shares of MLM opened at $617.26 on Wednesday. The company has a market capitalization of $37.23 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 5.57 and a beta of 1.01. Martin Marietta Materials has a one year low of $441.95 and a one year high of $665.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.21. The company’s fifty day moving average price is $620.85 and its 200 day moving average price is $576.83.

Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $5.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.44 by ($0.01). Martin Marietta Materials had a return on equity of 11.88% and a net margin of 16.47%.The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm posted $4.76 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Martin Marietta Materials has set its FY 2025 guidance at EPS. As a group, analysts expect that Martin Marietta Materials will post 19.53 earnings per share for the current year.

Martin Marietta Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.83 per share. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.79. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 0.5%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 18.41%.

Insider Buying and Selling at Martin Marietta Materials

In other news, Director Laree E. Perez sold 1,038 shares of Martin Marietta Materials stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $613.32, for a total transaction of $636,626.16. Following the sale, the director directly owned 15,417 shares in the company, valued at approximately $9,455,554.44. The trade was a 6.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Martin Marietta Materials

Several institutional investors have recently made changes to their positions in the business. Schear Investment Advisers LLC raised its stake in shares of Martin Marietta Materials by 0.6% during the third quarter. Schear Investment Advisers LLC now owns 2,731 shares of the construction company’s stock worth $1,721,000 after buying an additional 16 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Martin Marietta Materials by 10.4% during the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the construction company’s stock worth $99,000 after buying an additional 17 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in shares of Martin Marietta Materials by 3.9% during the third quarter. Daymark Wealth Partners LLC now owns 448 shares of the construction company’s stock worth $283,000 after buying an additional 17 shares during the last quarter. Snowden Capital Advisors LLC raised its stake in shares of Martin Marietta Materials by 1.9% during the second quarter. Snowden Capital Advisors LLC now owns 970 shares of the construction company’s stock worth $533,000 after buying an additional 18 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Martin Marietta Materials by 2.9% during the third quarter. Ritholtz Wealth Management now owns 646 shares of the construction company’s stock worth $407,000 after buying an additional 18 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.