Martin Marietta Materials, Inc. (NYSE:MLM) – Equities researchers at Jefferies Group issued their FY2017 earnings per share estimates for shares of Martin Marietta Materials in a research report issued on Wednesday. Jefferies Group analyst P. Ng forecasts that the construction company will post earnings of $6.81 per share for the year. Jefferies Group currently has a “Buy” rating and a $240.00 price target on the stock. Jefferies Group also issued estimates for Martin Marietta Materials’ Q4 2017 earnings at $1.50 EPS, Q3 2018 earnings at $3.51 EPS, FY2018 earnings at $10.01 EPS and FY2019 earnings at $12.61 EPS.

Martin Marietta Materials (NYSE:MLM) last announced its earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.06). The business had revenue of $1.02 million for the quarter, compared to analyst estimates of $1.07 billion. Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.49 earnings per share.

Several other analysts also recently weighed in on MLM. Citigroup restated a “buy” rating and set a $260.00 target price (down from $270.00) on shares of Martin Marietta Materials in a research note on Monday, October 9th. Bank of America lowered their target price on Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. SunTrust Banks restated a “buy” rating and set a $228.00 target price on shares of Martin Marietta Materials in a research note on Friday, October 27th. DA Davidson restated a “hold” rating and set a $225.00 target price on shares of Martin Marietta Materials in a research note on Friday, November 3rd. Finally, Barclays initiated coverage on Martin Marietta Materials in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $227.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $240.50.

Shares of Martin Marietta Materials (NYSE MLM) opened at $226.98 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73. The firm has a market capitalization of $14,270.00, a PE ratio of 33.09, a PEG ratio of 1.94 and a beta of 1.12. Martin Marietta Materials has a 52 week low of $191.09 and a 52 week high of $244.32.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 1st were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.76 dividend on an annualized basis and a yield of 0.78%. Martin Marietta Materials’s dividend payout ratio (DPR) is 25.66%.

A number of large investors have recently bought and sold shares of MLM. Sun Life Financial INC grew its stake in Martin Marietta Materials by 6,442.9% in the second quarter. Sun Life Financial INC now owns 458 shares of the construction company’s stock worth $102,000 after purchasing an additional 451 shares in the last quarter. Highlander Capital Management LLC acquired a new position in Martin Marietta Materials in the third quarter worth about $124,000. Massey Quick Simon & CO. LLC acquired a new position in Martin Marietta Materials in the third quarter worth about $152,000. Westwood Holdings Group Inc. acquired a new position in Martin Marietta Materials in the second quarter worth about $187,000. Finally, Numeric Investors LLC acquired a new position in Martin Marietta Materials in the second quarter worth about $200,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

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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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