Martin Marietta Materials (MLM) – Analysts’ Recent Ratings Changes

Martin Marietta Materials (NYSE: MLM) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2022 – Martin Marietta Materials had its price target raised by analysts at Morgan Stanley from $394.00 to $420.00. They now have an “overweight” rating on the stock.
  • 8/1/2022 – Martin Marietta Materials was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 7/18/2022 – Martin Marietta Materials had its price target lowered by analysts at Morgan Stanley from $408.00 to $394.00. They now have an “overweight” rating on the stock.
  • 7/14/2022 – Martin Marietta Materials was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $384.00 price target on the stock, down previously from $406.00.
  • 7/5/2022 – Martin Marietta Materials had its price target lowered by analysts at Truist Financial Co. to $392.00.
  • 7/1/2022 – Martin Marietta Materials had its price target lowered by analysts at DA Davidson from $450.00 to $375.00. They now have a “buy” rating on the stock.
  • 6/24/2022 – Martin Marietta Materials was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 6/15/2022 – Martin Marietta Materials was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Martin Marietta Materials Trading Up 0.8 %

Shares of MLM opened at $355.39 on Thursday. Martin Marietta Materials, Inc. has a fifty-two week low of $284.99 and a fifty-two week high of $446.46. The business has a 50-day moving average of $322.62 and a 200 day moving average of $353.21. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.53 and a current ratio of 3.63. The firm has a market cap of $22.16 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88.

Martin Marietta Materials (NYSE:MLMGet Rating) last issued its earnings results on Thursday, July 28th. The construction company reported $3.96 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.13). Martin Marietta Materials had a return on equity of 11.28% and a net margin of 13.49%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business earned $3.81 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, research analysts forecast that Martin Marietta Materials, Inc. will post 13.18 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st were given a dividend of $0.61 per share. The ex-dividend date was Tuesday, May 31st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 0.69%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 19.11%.

Institutional Trading of Martin Marietta Materials

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Martin Marietta Materials by 59.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,978,299 shares of the construction company’s stock worth $761,428,000 after buying an additional 739,005 shares during the last quarter. Norges Bank bought a new stake in Martin Marietta Materials in the 4th quarter worth approximately $241,675,000. Select Equity Group L.P. lifted its position in Martin Marietta Materials by 8.9% in the 1st quarter. Select Equity Group L.P. now owns 3,816,405 shares of the construction company’s stock worth $1,468,896,000 after buying an additional 310,451 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Martin Marietta Materials by 38,153.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 299,905 shares of the construction company’s stock worth $115,430,000 after buying an additional 299,121 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in Martin Marietta Materials in the 4th quarter worth approximately $88,583,000. Institutional investors own 93.49% of the company’s stock.

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.

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