Martin Marietta Materials, Inc. (NYSE:MLM) has earned a consensus rating of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $219.56.

A number of equities analysts have recently commented on MLM shares. Citigroup set a $231.00 price objective on shares of Martin Marietta Materials and gave the stock a “buy” rating in a report on Thursday. Nomura started coverage on shares of Martin Marietta Materials in a report on Monday, October 29th. They set a “buy” rating and a $220.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of Martin Marietta Materials from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Bank of America reduced their price objective on shares of Martin Marietta Materials to $247.00 and set a “buy” rating for the company in a report on Wednesday, July 25th. Finally, Stephens set a $187.00 price objective on shares of Martin Marietta Materials and gave the stock a “hold” rating in a report on Wednesday, October 17th.

Martin Marietta Materials stock traded down $4.09 during mid-day trading on Monday, reaching $184.29. The company had a trading volume of 1,188,532 shares, compared to its average volume of 1,531,507. The company has a market cap of $11.96 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 1.60 and a beta of 1.09. Martin Marietta Materials has a 52 week low of $150.75 and a 52 week high of $241.33. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.88 and a quick ratio of 1.14.

Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, November 6th. The construction company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Martin Marietta Materials had a net margin of 17.95% and a return on equity of 10.78%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $2.39 EPS. Analysts expect that Martin Marietta Materials will post 8.32 earnings per share for the current fiscal year.

In related news, SVP Donald A. Mccunniff sold 2,250 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $204.33, for a total transaction of $459,742.50. Following the completion of the sale, the senior vice president now owns 12,649 shares in the company, valued at approximately $2,584,570.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.

Several institutional investors have recently made changes to their positions in MLM. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth about $110,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the 2nd quarter worth about $128,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Martin Marietta Materials during the 2nd quarter worth about $160,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Martin Marietta Materials during the 3rd quarter worth about $181,000. Finally, NuWave Investment Management LLC increased its position in shares of Martin Marietta Materials by 18,400.0% during the 3rd quarter. NuWave Investment Management LLC now owns 1,110 shares of the construction company’s stock worth $202,000 after purchasing an additional 1,104 shares in the last quarter.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; 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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Analyst Recommendations for Martin Marietta Materials (NYSE:MLM)

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