Martin Marietta Materials, Inc. (NYSE:MLM) – Investment analysts at DA Davidson issued their Q1 2018 earnings estimates for Martin Marietta Materials in a research report issued to clients and investors on Friday, according to Zacks Investment Research. DA Davidson analyst B. Thielman forecasts that the construction company will earn $0.80 per share for the quarter. DA Davidson has a “Hold” rating and a $225.00 price target on the stock.
A number of other analysts have also recently weighed in on MLM. Citigroup Inc. reaffirmed a “buy” rating and set a $260.00 price objective (down from $270.00) on shares of Martin Marietta Materials in a research report on Monday, October 9th. Jefferies Group LLC set a $166.00 target price on Martin Marietta Materials and gave the stock a “hold” rating in a research note on Monday, August 21st. BidaskClub downgraded Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $228.00 price target on shares of Martin Marietta Materials in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $242.43.
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Martin Marietta Materials (NYSE MLM) traded down $0.31 during trading on Monday, reaching $212.16. The company’s stock had a trading volume of 448,400 shares, compared to its average volume of 647,530. Martin Marietta Materials has a 52 week low of $191.09 and a 52 week high of $244.32. The company has a quick ratio of 1.50, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. The firm has a market cap of $13,355.77, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14.
Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.06). Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The firm had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $2.49 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Martin Marietta Materials by 2.4% during the second quarter. Vanguard Group Inc. now owns 6,379,214 shares of the construction company’s stock worth $1,419,885,000 after buying an additional 149,816 shares during the period. BlackRock Inc. lifted its position in Martin Marietta Materials by 2.2% in the second quarter. BlackRock Inc. now owns 3,817,803 shares of the construction company’s stock worth $849,766,000 after purchasing an additional 81,136 shares during the period. Egerton Capital UK LLP lifted its position in Martin Marietta Materials by 329.1% in the second quarter. Egerton Capital UK LLP now owns 1,967,865 shares of the construction company’s stock worth $438,007,000 after purchasing an additional 1,509,258 shares during the period. Iridian Asset Management LLC CT lifted its position in Martin Marietta Materials by 54.6% in the third quarter. Iridian Asset Management LLC CT now owns 1,785,402 shares of the construction company’s stock worth $368,203,000 after purchasing an additional 630,357 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Martin Marietta Materials by 20.5% in the third quarter. Principal Financial Group Inc. now owns 1,660,752 shares of the construction company’s stock valued at $342,497,000 after buying an additional 282,189 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
In other Martin Marietta Materials news, Director John J. Koraleski bought 500 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $198.37 per share, with a total value of $99,185.00. Following the completion of the transaction, the director now owns 1,439 shares in the company, valued at $285,454.43. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.45% of the stock is currently owned by insiders.
Martin Marietta Materials Company Profile
Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.
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