Martin Marietta Materials (NYSE:MLM) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Martin Marietta Materials (NYSE:MLM) in a report issued on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $559.00 target price on the construction company’s stock.

MLM has been the subject of several other research reports. StockNews.com cut shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. HSBC raised shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a research report on Wednesday, December 11th. Stephens dropped their price target on shares of Martin Marietta Materials from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group initiated coverage on shares of Martin Marietta Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $730.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $634.36.

Martin Marietta Materials Price Performance

MLM stock opened at $461.70 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.50. Martin Marietta Materials has a 52 week low of $451.09 and a 52 week high of $633.23. The firm’s fifty day moving average is $522.44 and its 200 day moving average is $544.62. The firm has a market cap of $28.15 billion, a P/E ratio of 14.28, a P/E/G ratio of 4.45 and a beta of 0.91.

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

Martin Marietta Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.68%. Martin Marietta Materials’s dividend payout ratio is presently 9.77%.

Institutional Trading of Martin Marietta Materials

A number of large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC grew its stake in shares of Martin Marietta Materials by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 782 shares of the construction company’s stock worth $421,000 after acquiring an additional 19 shares during the period. Checchi Capital Advisers LLC increased its holdings in Martin Marietta Materials by 1.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,336 shares of the construction company’s stock valued at $690,000 after buying an additional 19 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in Martin Marietta Materials by 1.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,020 shares of the construction company’s stock valued at $527,000 after buying an additional 19 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in Martin Marietta Materials by 3.6% during the third quarter. iA Global Asset Management Inc. now owns 570 shares of the construction company’s stock valued at $307,000 after buying an additional 20 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in Martin Marietta Materials by 4.7% during the fourth quarter. Brooklyn Investment Group now owns 447 shares of the construction company’s stock valued at $231,000 after buying an additional 20 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

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.